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:

Affects Balance

Affects Balance relates to the equilibrium between positive and negative emotions experienced by an individual, influencing their overall mood and well-being.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests that intelligence is not a single general ability but a combination of multiple distinct abilities.

Interpersonal Intelligence

A term derived from Howard Gardner's theory of multiple intelligences, referring to the ability to understand and interact effectively with others, including the skills of social awareness, empathy, and effective communication.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.