Multiple Choice
The income statement columns in the worksheet show that debits are equal to $55,800 and credits are $67,520. What does this information mean to the accountant?
A) Net income of $11,720
B) Net loss of $11,720
C) The accounts are out of balance, indicating an error has been made.
D) The accounts have not been updated.
Correct Answer:
Verified
Correct Answer:
Verified
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