Which of the Following Statements Is NOT True

question 31

Multiple Choice

Which of the following statements is NOT true?

• A) If total assets decreased by $30 000 during the period and shareholders' equity decreased by $20 000, liabilities decreased by $10 000 for the period.
• B) If total assets decreased by $50 000 during the period and shareholders' equity decreased by $30 000, liabilities decreased by $80 000 for the period.
• C) If the total assets owned by a company were $80 000 and shareholders' equity totalled $35 000 for the period, liabilities are $45 000.
• D) If total assets increased by $45 000 for the period and liabilities decreased by $20 000, shareholders' equity increased by $65 000.

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Definitions:

Lambdoid

Referring to the lambdoid suture, a dense, fibrous connective tissue joint that lies between the parietal and the occipital bones at the posterior part of the skull.

Sagittal

A term referring to a plane or section that divides the body or any of its parts into right and left sections.

Frontal

Pertaining to the forehead or the anterior part of the brain's frontal lobes involved in decision making and problem-solving.

Squamous

Relating to or resembling a scale or scales; flat cells that are typically found in the lining of the mouth, airways, and blood vessels.