Net Income Appears on the Worksheet

question 51

Multiple Choice

Net income appears on the worksheet:

• A)only in the balance sheet credit column.
• B)only in the income statement credit column.
• C)in the income statement debit column and balance sheet debit column.
• D)in the income statement debit column and balance sheet credit column.

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Definitions:

Income

The financial gain received by an individual or household, often derived from work, investments, or other sources, and used for consumption and savings.

Bonus Mark

Additional points awarded to students beyond their regular assignment or test scores, usually as a reward for extra efforts or to acknowledge participation.

Independent Variable

In research, the variable that is manipulated or changed to observe its effect on a dependent variable.

Dependent Variable

In an experiment or study, the variable that is being tested and measured, often to see the impact of variations in the independent variable.