Which of the Statements Below Indicates That a Company Earned

question 142

Multiple Choice

Which of the statements below indicates that a company earned a net income for the period?

• A) The sum of the credits exceeds the sum of the debits in the Balance Sheet columns on the end-of-period spreadsheet.
• B) The sum of the credits exceeds the sum of the debits in the Income Statement columns on the end-of-period spreadsheet.
• C) The sum of the debits exceeds the sum of the credits in the Income Statement columns on the end-of-period spreadsheet.
• D) Cash inflows exceed cash outflows.

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Definitions:

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Cognitive Therapy

A therapeutic approach aimed at identifying and restructuring maladaptive thought patterns to improve mental health.

CBT

Cognitive Behavioral Therapy, a psychotherapeutic treatment that addresses dysfunctional emotions, behaviors, and thoughts through a goal-oriented, systematic procedure.

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Treatment retention refers to the ability of a health or therapy program to keep patients engaged and continuing with treatment over time.