Which of the Following Statements Is True If the Income

question 48

Multiple Choice

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

• A)The company incurred a net loss.
• B)The retained earnings account increased during the period.
• C)The company made a net profit.
• D)The liabilities are greater than assets.

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Definitions:

Record Source

The data source for a database object, such as a form or report, indicating where the object retrieves its data.

Form Wizard

A guided tool in software applications that helps users create forms by walking them through steps to add and configure fields and elements.

Enabled Property

A setting that defines whether a user interface element or feature is active and available for use.

Change Shape Button

A feature in graphic design or drawing software that allows users to modify the geometric shape of graphic objects.