If the Credit Subtotal Is Greater Than the Debit Subtotal

question 80

Multiple Choice

If the credit subtotal is greater than the debit subtotal in the Income Statement columns of a worksheet, the difference

• A)indicates that the company incurred an operating loss during the period
• B)could represent payment of dividends by the entity during the period
• C)indicates that an error has been made in the accounting process
• D)indicates that the company earned a net income during the period

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The amount a seller charges for a product or service.

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