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  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 4: The Accounting Cycle Continued: Preparing Worksheets and Financial Statements
  5. Question
    Which of the Following Will Have a Direct Affect on the Income
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Which of the Following Will Have a Direct Affect on the Income

Question 78

Question 78

Multiple Choice

Which of the following will have a direct affect on the income statement?


A) Buying an automobile on account
B) Withdrawing money from the business
C) Receiving money on account
D) Selling goods on account

Correct Answer:

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