Which of the Following Statements Indicates That a Company Earned

question 108

Multiple Choice

Which of the following statements indicates that a company earned a net income for the period?

• A) The sum of the credits exceeds the sum of the debits in the Balance Sheet columns on the end-of-period spreadsheet.
• B) The sum of the credits exceeds the sum of the debits in the Income Statement columns on the end-of-period spreadsheet.
• C) The sum of the debits exceeds the sum of the credits in the Income Statement columns on the end-of-period spreadsheet.
• D) Cash inflows exceed cash outflows.

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Definitions:

Genotype

The genetic makeup of an organism, consisting of all the genes and alleles present in its DNA.

Tongue Rolling

The ability to roll the tongue into a tube shape, thought to be influenced by genetic factors.

Genotype

Referring to the entire set of an organism's genes and their combinations, it essentially underpins potential and inherited traits.

P Generation

The parent generation in a genetic cross, from which offspring are derived in subsequent generations.