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On a Worksheet, the Income Statement Debit Column Totals $9,800

Question 115

Multiple Choice

On a worksheet, the income statement debit column totals $9,800 and the credit column totals $10,000. Which of the following statements is CORRECT?


A) The company had a net loss of $200.
B) The company had a net income of $200.
C) The company's revenues were greater than expenses.
D) None of the above are correct.

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