The "Net Income" or "Net Loss" Is Transferred from the Income

question 75

Multiple Choice

The "Net Income" or "Net Loss" is transferred from the income statement to the

• A) balance sheet.
• B) chart of accounts.
• C) statement of owner's equity.
• D) trial balance.

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Definitions:

Internal Labor Force

An organization's workers (its employees and the people who have contracts to work at the organization).

External Labor Market

The job market outside of a specific company, inclusive of potential employees who currently work for other employers or are unemployed.

Workforce

The collective group of individuals who are available for work, including both employed and unemployed persons.