Multiple Choice
Which of the following statements is false?
A) Revenues increase stockholders' equity.
B) Revenues have normal credit balances.
C) Revenues are a positive factor in the computation of net income.
D) Revenues are increased by debits.
Correct Answer:
Verified
Correct Answer:
Verified
Q100: Mt.Zion Inc.pays its employees twice a month,
Q101: An accounting record of the balances of
Q102: Debit and credit can be interpreted to
Q103: A general ledger should be arranged in
Q104: The final step in the recording process
Q106: Assets normally show<br>A)credit balances.<br>B)debit balances.<br>C)debit and credit
Q107: The chart of accounts is a<br>A)list of
Q108: A trial balance does not prove that
Q109: The name given to entering transaction data
Q110: On January 14, Edamame Industries purchased supplies