The Income Statement Columns in the End-Of-Period Spreadsheet Show That

question 148

Multiple Choice

The Income Statement columns in the end-of-period spreadsheet show that debits are equal to $55,800 and credits are $77,520. What does this information mean to the accountant?

• A) net income of $21,720
• B) net loss of $21,720
• C) the accounts are out of balance, indicating an error has been made
• D) the accounts have not been updated

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Emotion

A complex psychological state that involves a subjective experience, physiological response, and behavioral or expressive response.

Achievement Motive

A psychological drive or desire that fuels an individual to pursue and attain goals or successes.

Need For Achievement

The drive or motivation to accomplish tasks and meet high standards of performance.