The Income Statement Columns on a Worksheet Have Subtotals as Follows

question 65

Multiple Choice

The income statement columns on a worksheet have subtotals as follows: debit column, $9,500, and credit column, $9,000. This indicates that

• A) the company incurred a net loss of $500.
• B) the company earned a net income of $500.
• C) there was an error in the adjustments columns.
• D) there was an error in the income statement columns.

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Definitions:

Excel Query Button

A tool in Microsoft Excel that allows users to import data from various sources into their spreadsheet for analysis.

Export Group

A function or feature in software applications that allows users to batch process and export multiple data files or objects together.

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Pre-configured settings that allow users to easily export data from software applications to various formats for backup or use in other programs.

External Data Tab

A feature in applications like Microsoft Access, providing tools for importing, linking, or exporting data from/to external sources.