Multiple Choice
The amount of net income (or loss) will appear on the debit side of the Income Statement columns in a worksheet if:
A) Revenue exceeds total expenses for the period.
B) The trial balance is out of balance.
C) Dividends are more than the income or loss for the period.
D) There is a net loss for the period.
Correct Answer:
Verified
Correct Answer:
Verified
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