If the Balance Sheet and Statement of Retained Earnings Columns

question 319

Multiple Choice

If the Balance Sheet and Statement of Retained Earnings columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Retained Earnings Credit column,the cause could be:

• A)An expense entered in the Balance Sheet and Statement of Retained Earnings Debit column.
• B)A revenue entered in the Balance Sheet and Statement of Retained Earnings Credit column.
• C)An asset amount entered in the Income Statement and Statement of Retained Earnings Debit column.
• D)A liability amount entered in the Income Statement and Statement of Retained Earnings Credit column.
• E)An expense entered in the Balance Sheet and Statement of Retained Earnings Credit column.

---

Definitions:

Skeptical Audience

A group of people who are inclined to question or doubt the information presented to them.

Persuasive Techniques

Strategies used in communication to influence the attitudes, beliefs, or behaviors of others.

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty and integrity.

Marketing Messages

Communications aimed at consumers or audiences to inform, persuade, or remind about a product, service, or brand.