If the balance of an asset account is increased, which of the following is NOT a true statement based on the standard accounting equation.

Select one:

a. Current Liabilities is decreased

b. A different asset account is decreased

c. Total Liabilities are increased

d. Total stockholders equity is increased

Which of the following is a True statement based on the debit and credit balances of Income Statement accounts

Select one:

a. Revenue is increased by debiting the account

b. Expenses are decreased by crediting the account

c. Revenues are increased by crediting the account

d. Expenses are increased by crediting the account

Which of the following is a True statement based on the debit and credit balances of Income Statement accounts

Select one:

a. Revenue is decreased by crediting the account

b. Expenses are increased by debiting the account

c. Expenses are decreased by debiting the account

d. Revenue is increased by debiting the account