After All the Account Balances Have Been Extended to All

question 44

Multiple Choice

After all the account balances have been extended to all columns of the worksheet, the totals of the debit and credit columns for the income statement columns are $35,350 and $38,750, respectively. It can be concluded the company has a:

• A)net income of $3,400.
• B)net loss of $3,400.
• C)$74,100 net loss.
• D)$74,100 net income.

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Definitions:

Cystic Artery

A blood vessel that supplies oxygenated blood to the gallbladder.

Phrenic Artery

An artery that supplies blood to the diaphragm.

Superior Hemorrhoidal Artery

A blood vessel that supplies blood to the upper part of the rectum and anal canal, also known as the superior rectal artery.

Gallbladder

An organ that stores bile produced by the liver, releasing it into the small intestine to aid in the digestion of fats.