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Which of the statements about income is not true

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Reference no: EM132603568

Question 1: Which of the following statements about income is not true?

Select one:

Option a. Income includes capital contributed by owners of the entity.

Option b. Income arises when there is control over the increase in economic benefits.

Option c. Income can be in the form of decreases of liabilities.

Option d. Income results in increases in economic benefits.

Reference no: EM132603568

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