Which Statement Is True

question 39

Multiple Choice

Which statement is true?

• A)In the Income Statement columns of a worksheet, if there is net income, it must be added to the credit column to make the two columns balance.
• B)In the Retained Earnings columns of a worksheet, if there is a loss, it will be entered in the credit column to make the two columns balance.
• C)In the Income Statement columns of a worksheet, if there is a net loss, it must be added to the credit column to make the two columns balance.
• D)In the Retained Earnings columns of a worksheet, if there is net income, it will be entered in the debit column to make the two columns balance.

---

Definitions:

Sociologists

Researchers and scholars who study the development, structure, and functioning of human society.

Human

Pertaining to or characteristic of humans, relating to the aspects of humanity including cultural, social, and biological dimensions.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Socialization

The lifelong process through which individuals acquire norms, values, and behaviors appropriate for active participation in their society.