The Income Statement Columns on a Worksheet Have Subtotals as Follows

question 22

Multiple Choice

The income statement columns on a worksheet have subtotals as follows: debit column,$12,000,and credit column,$9,000.This indicates that:

• A)the company incurred a net loss of $3,000.
• B)the company earned a net income of $1,500.
• C)there was an error in the unadjusted trial balance columns.
• D)there was an error in the income statement columns.

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Definitions:

Variable-Interval Schedule

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, leading to a steady, consistent response rate.

Reinforcement

Reinforcement is a principle in behavioral psychology where a behavior is encouraged or strengthened by a consequence following the behavior.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable outcome or stimulus strengthens or increases the likelihood of a specific response or behavior.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable condition strengthens a behavior.