Where Does Net Income Appear on a Worksheet

question 115

Multiple Choice

Where does Net income appear on a worksheet?

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

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Definitions:

Combination

The act of combining two or more elements to form a whole.

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The capacity to analyze information objectively and make a reasoned judgment.

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