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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Comparison-Shopping Service

A service, often web-based, that allows consumers to compare prices, features, and reviews of products or services from different vendors.

Search Results

The outcome or listings that are generated by a search engine in response to a query.

Legal Person

An entity, either human or corporate, that possesses legal rights and obligations, allowing it to enter into contracts, sue, and be sued.

Lawsuits

Legal actions taken by one party against another for enforcing or defending a right or addressing a grievance.