The Net Income (Or Loss) for the Period

question 172

Multiple Choice

The net income (or loss) for the period

• A) is found by computing the difference between the income statement credit column and the statement of financial position credit column on the worksheet.
• B) cannot be found on the worksheet.
• C) is found by computing the difference between the income statement columns of the worksheet.
• D) is found by computing the difference between the trial balance totals and the adjusted trial balance totals.

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