The Balance Sheet Columns on the Worksheet Prepared for the Villeneuve

question 69

Multiple Choice

The Balance Sheet columns on the worksheet prepared for the Villeneuve Company had subtotals as follows debit column, $14,000, and credit column, $14,600. This information indicates that

• A) the company incurred a net income of $600.
• B) the company incurred a net loss of $600.
• C) an error was made when preparing the adjustments in the worksheet.
• D) a mathematical error was made in the worksheet.

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Definitions:

Syndiotactic Polypropylene

A type of polypropylene where the methyl groups are arranged in a regular alternating pattern on opposite sides of the polymer backbone.

Neoprene

A synthetic rubber, chemically known as polychloroprene, used in a wide variety of applications, such as in wetsuits and laptop sleeves.

Monomer Structure

The fundamental unit that binds chemically to other molecules to form a polymer.

Atactic Polystyrene

A form of polystyrene where the phenyl groups are randomly arranged, resulting in an amorphous material with no regularity in its structure.