Net Income Is Entered onto Which Column(s)of a Worksheet

question 32

Multiple Choice

Net income is entered onto which column(s) of a worksheet?

• A)adjusted trial balance debit column
• B)income statement debit and balance sheet credit
• C)income statement debit and balance sheet debit
• D)adjusted trial balance credit and income statement credit

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Definitions:

Operating Budgets

An operating budget details the forecasted revenue and expenses for the day-to-day operations of a company for a specific period.

Long-range Planning

Long-range Planning involves setting goals and determining strategies for achieving them over an extended period, often three to five years into the future, to guide sustainable business growth.

Long-range Plans

Strategic plans that encompass a broad vision and long-term goals of an organization, typically extending several years into the future.

Long-term Goals

Objectives or targets a company or individual aims to achieve over an extended period, usually exceeding one year.