On a Work Sheet, the Debit Columns of the Income

question 70

Multiple Choice

On a work sheet, the Debit columns of the Income Statement and the Balance Sheet both total more than the Credit columns. This represents

• A) an error in the accounting procedures for the period.
• B) a net loss.
• C) a net income.
• D) no gain or loss.

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Definitions:

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A behavior pattern marked by a sense of time urgency, impatience, excessive competitiveness, hostility, and anger; considered a risk factor in coronary heart disease.

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