Which of the Following Statements Is Not Correct

question 12

Multiple Choice

Which of the following statements is not correct?

• A)If an account has a debit balance in the Trial Balance section of the worksheet and there is a credit entry in the Adjustments section, the credit amount is added when computing the balance to be shown in the Adjusted Trial Balance section of the worksheet.
• B)Net loss is recorded on the worksheet in the Income Statement Credit column and the Balance Sheet Debit column.
• C)Net income is recorded on the worksheet in the Income Statement Debit column and the Balance Sheet Credit column.
• D)The difference between the total of the Income Statement Debit column and the total of the Income Statement Credit column of the worksheet represents either net income or net loss.

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Definitions:

Outgroup

“Them”—those perceived as different or apart from our ingroup.

Ingroup Bias

The tendency to favor members of one's own group over those in other groups.

Implicit Racial Associations

Unconscious biases and attitudes towards different races that individuals may not be aware of.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those of other groups.