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Please explain why the answer is B instead of D
5. Which of the following statements is false? (4 points)
A) An expense is a cost incurred to generate revenues.
B) Revenues result in an increase in net income and additional paid-in capital.
C) Revenues are reported on the income statement as they are earned.
D) Incurring an expense occurs with a decrease in assets or an increase in liabilities.

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Please explain why the answer is B instead of D 5- Which of the follow.docx

  • 1. Please explain why the answer is B instead of D 5. Which of the following statements is false? (4 points) A) An expense is a cost incurred to generate revenues. B) Revenues result in an increase in net income and additional paid-in capital. C) Revenues are reported on the income statement as they are earned. D) Incurring an expense occurs with a decrease in assets or an increase in liabilities.