When a Company Has Earned a Net Income,the Net Income

question 43

Multiple Choice

When a company has earned a net income,the net income amount is entered on the work sheet on the

• A) credit side of the Income Statement columns and the debit side of the Balance Sheet columns.
• B) debit side of both the Income Statement and the Balance Sheet columns.
• C) debit side of the Income Statement columns and the credit side of the Balance Sheet columns.
• D) credit side of both the Income Statement and the Balance Sheet columns.

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Definitions:

Independent Variables

Variables in an experiment that are manipulated or changed to observe their effect on dependent variables.

Combinations

Choosing elements from a broader group without regard to the sequence in which they are selected.

Main Effect

The direct impact of an independent variable on a dependent variable in an experiment.

Factorial Research

A type of experimental design where two or more factors (independent variables) are simultaneously varied to observe their effect on a dependent variable.