Which of the Following Statements Indicates That a Company Earned

Multiple Choice

Which of the following statements indicates that a company earned a net income for the period?

A) The sum of the credits exceeds the sum of the debits in the Balance Sheet columns on the end-of-period spreadsheet.
B) The sum of the credits exceeds the sum of the debits in the Income Statement columns on the end-of-period spreadsheet.
C) The sum of the debits exceeds the sum of the credits in the Income Statement columns on the end-of-period spreadsheet.
D) Cash inflows exceed cash outflows.