Which of the Following Statements Is True

question 80

Multiple Choice

Which of the following statements is true?

• A)If revenues are less than expenses,the company has a net loss and retained earnings falls.
• B)If revenues are greater than expenses,the company has net income and contributed capital rises.
• C)If revenues are less than expenses,the company has a net loss and contributed capital rises to balance off the loss.
• D)If revenues are greater than expenses,the company has net income and retained earnings falls.

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Definitions:

Riding

The act of being carried or transported on the back of an animal, especially horses, or on vehicles like bicycles and motorcycles.

Apostrophes

Punctuation marks used to indicate possession or the omission of letters.

Crossing

The act of moving across something, such as a street or river, or a place where paths intersect or overlap.

Dotting

The action of marking or decorating with small drops or spots, often used in various art and design contexts.