In Completing the Work Sheet,what Is the Reason for Adding

question 94

Multiple Choice

In completing the work sheet,what is the reason for adding the net income for the year to the Balance Sheet Credit column?

• A) Owner's equity is not up-to-date.
• B) Cash is not up-to-date.
• C) Owner's withdrawal is not up-to-date.
• D) Sales is not up-to-date.

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Definitions:

Me

Refers to one's self-awareness or the aspect of themselves that is conscious of their personal identity and thoughts.

Authenticity

The degree to which an individual's actions are congruent with their beliefs and desires, despite external pressures.

Components

Distinct parts or elements that combine to form a whole system or complex entity.

Awareness

The state or ability to perceive, feel, or be conscious of events, objects, or sensory patterns.