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:

Working Memory

A cognitive system responsible for temporarily holding information available for processing, critical for reasoning, guidance of decision-making, and behavior.

High School Students

Adolescents who are enrolled in grades nine through twelve in the schooling system.

Proactive Interference

The phenomenon where older memories interfere with the recall of newer memories.

Retroactive Interference

A psychological phenomenon where newer memories disrupt the recall of older ones.