Multiple Choice
Which of the following statements relating to expenses is not true?
A) Expenses result in an increase in owners' equity.
B) Expenses may arise through immediate cash payments or through promises to pay cash in the future for services received.
C) Expenses result from costs incurred normally to earn revenue.
D) Cash may be paid out before expenses are incurred.
Correct Answer:

Verified
Correct Answer:
Verified
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