The Income Statement Columns on a Worksheet Have Subtotals as Follows

question 65

Multiple Choice

The income statement columns on a worksheet have subtotals as follows: debit column,$10,500,and credit column,$9,000.This indicates that:

• A)the company incurred a net loss of $1,500.
• B)the company earned a net income of $500.
• C)there was an error in the adjustments columns.
• D)there was an error in the income statement columns.

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