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Question

Take a Test - Gabrie nvellud Secure I https://www.mathxl.com/Student/PlayerTest.aspx?testId-172 Quiz: Quiz 1 This Question: 1 pt 8 of 20 Which of the following statements are false? a. Revenue provides only outward flows of cash. b. Revenue is a subdivision of Assets c. Revenue provides an inward flow of cash or accounts receivable d. Expenses are part of Total Assets. est OA. a and b are false B. a b and d. are false 0 c, c and d are false OD. a. b and c are false E. All of the statements are false F.None of the statements are false.

Explanation / Answer

Answer:B.a,b and d are false

Revenue provides an inward flow of cash or accounts Receivable

Revenue is part of Income statement and not sub division of assets

Expenses are part of Income statement and not part of Total assets

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