Which of the Following Statements About Revenue Is CORRECT

question 61

Multiple Choice

Which of the following statements about revenue is CORRECT?

• A)Revenues increase owners' equity,so a revenue account's normal balance is a credit balance.
• B)Revenues decrease owners' equity,so a revenue account's normal balance is a debit balance.
• C)Revenues increase owners' equity,so a revenue account's normal balance is a debit balance.
• D)Revenues decrease owners' equity,so a revenue account's normal balance is a credit balance.

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Definitions:

CDNA

Complementary strand of DNA synthesized from an RNA template by the enzyme reverse transcriptase.

Medical Application

The use or practice of medicine and healthcare techniques for diagnostic, therapeutic, or preventive purposes.

Transgenic Organism

An organism that has had foreign DNA inserted into its genome, often to express a new trait not found naturally in the species.

GMO

Genetically Modified Organisms; organisms whose genetic material has been altered using genetic engineering techniques.