Which of the Following Statements Is True If the Income

question 45

Multiple Choice

Which of the following statements is true if the income statement credit column exceeds the income statement debit column on a worksheet?

• A)The company has a net income.
• B)The company has a net loss.
• C)The capital account decreased during the period.
• D)The total liabilities exceed total assets.

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Definitions:

Thoracic

Thoracic refers to the chest region of the body, housing major organs such as the heart and lungs within the rib cage.

Abdominopelvic Cavities

Refers to the combined space within the abdomen and pelvis, housing organs such as the liver, stomach, intestines, and reproductive organs.

Coronal Plane

An anatomical plane that divides the body into dorsal (back) and ventral (front) parts.

Anterior

Refers to the front position or direction in the body.