Which of the Following Statements Is TRUE If the Income

question 202

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) Owner, Capital increased during the period.
• C) The company made a net profit.
• D) An error was made.

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Definitions:

Protoplasmic Protrusions

Extensions of the cell body, such as pseudopodia, used for movement and feeding in some unicellular organisms.

Scientific Theory

In science, a widely accepted explanation supported by a large body of observations and experiments. A scientific theory relates facts that appear unrelated; it predicts new facts and suggests new relationships. Compare with hypothesis.

Unchangeable

A term describing something that cannot be altered or modified.

Hypotheses

Proposed explanations for a phenomenon, made as a starting point for further investigation.