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Which of the Following Statements Is False

question 39

Multiple Choice

Which of the following statements is false?


Definitions:

Cash

Represents money or any instrument that banks accept for deposit and immediate credit to a company’s account, such as checks or money orders.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.

Assets

Assets held by a business anticipated to deliver future economic advantages.

Expenses

Costs incurred in the process of earning revenue, including operational, administrative, and selling activities.

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