Which of the Following Statements Is True of Expenses

question 83

Multiple Choice

Which of the following statements is true of expenses?

• A)Expenses increase stockholders' equity,so an expense account's normal balance is a credit balance.
• B)Expenses decrease stockholders' equity,so an expense account's normal balance is a credit balance.
• C)Expenses increase stockholders' equity,so an expense account's normal balance is a debit balance.
• D)Expenses decrease stockholders' equity,so an expense account's normal balance is a debit balance.

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Definitions:

Confidence interval

An estimated range of values which is likely to include an unknown population parameter, based on the given data.

SAT scores

SAT scores are standardized test scores used for college admissions in the United States, assessing mathematical, verbal, and writing skills.

Confidence interval

An assortment of values, from sample-based statistics, that is speculated to contain the unseen population parameter value.

Population standard deviation

A measure of the dispersion or variability of a set of data points in a population, indicating how much the individual data points differ from the population mean.