Where Does Net Income Appear on a Worksheet

question 9

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.

---

Definitions:

Nominal Rate

The interest rate stated on a financial instrument, without adjustment for the full effect of compounding or inflation.

Annuity

A financial product that pays out a fixed stream of payments to an individual, often used as part of retirement strategies.

Times Interest Earned

A metric assessing a firm's capability to fulfill its debt requirements using its earnings prior to interest and taxes.

Market Rate

Market rate is the common or prevailing price level for goods, services, or financial instruments in a specific marketplace.