The Balance Sheet Columns on the Worksheet Prepared for Cleveland

question 98

Multiple Choice

The balance sheet columns on the worksheet prepared for Cleveland Foods had subtotals as follows: debit column,$13,000,and credit column,$10,400.This information indicates that:

• A)the company incurred a net income of $2,600.
• B)the company incurred a net loss of $2,600.
• C)an error was made when preparing the adjustments in the worksheet.
• D)the unadjusted trial balance has an error.

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Definitions:

Hospitalization

The act of admitting a patient to a hospital for treatment, observation, or other healthcare needs.

Sick Role Behaviors

Actions and behaviors that individuals adopt when they are ill, which can include seeking medical help, taking time off work, and following treatment plans.

African Americans

A racial or ethnic group in the United States characterized by an ancestry from the native populations of Sub-Saharan Africa.

European Americans

Individuals residing in the United States who are of European descent, making up a significant portion of the country’s demographic composition.