Where Does Profit Appear on a Worksheet

question 51

Multiple Choice

Where does Profit appear on a worksheet?

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

---

Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the number of outstanding shares.

Earnings Per Share

Earnings Per Share (EPS) is a measure of a company's profitability, calculated as net income divided by the number of outstanding shares.

Legal Capital

The portion of a company's capital, represented by the par value of its issued shares, that cannot legally be distributed to shareholders as dividends.

Contributed Capital

Contributed Capital, also known as paid-in capital, refers to the amount of money raised by a company through the sale of its equity shares.