Which of the Following Statements Is True

question 168

Multiple Choice

Which of the following statements is true?

• A)Assets and revenues are the same thing.
• B)If employees have not yet been paid for their work,the company has wages payable.
• C)Retained earnings equal cash that the company has earned and kept
• D)Revenue is another term for profit.
• E)Revenue minus expense equals retained earnings.

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Definitions:

Stock Price Predictor

A tool or model used to forecast the future prices of stocks based on historical data, market trends, and other factors.

Project Earnings

Project earnings refer to the expected income generated from a specific project or investment, considering various financial projections and assumptions.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines providing a common language for business affairs so that company accounts are understandable and comparable across international boundaries.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating securities industry, stock and options exchanges.