Which of the Following Statements Is Incorrect

question 34

Multiple Choice

Which of the following statements is incorrect?

• A)The normal balance of accounts receivable is a debit.
• B)The normal balance of dividends is a debit.
• C)The normal balance of unearned revenues is a credit.
• D)The normal balance of an expense account is a credit.
• E)The normal balance of common stock is a credit.

Recognize the evolution of ISO 9000 from quality assurance to quality management systems.

Comprehend the philosophy and significance of continuous improvement in quality management.

Distinguish between different types of quality costs, such as internal failure costs.

Understand the relationship between just-in-time (JIT) and quality improvement.

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Definitions:

Private Facts

Information about a person that is not public knowledge and that the individual has chosen to keep private; disclosure of such information may lead to legal consequences.

Absolute

Unconditional; complete and without restrictions or limitations.

Conditional

Subject to one or more conditions or requirements being met; not absolute.

Constitutional Privilege

A right or immunity granted under the constitution that provides protection to individuals against certain government actions.