Which of the Following Statements Is True If the Income

question 166

Multiple Choice

Which of the following statements is true if the income statement credit column exceeds the income statement debit column on a worksheet?

• A)The company made a net profit.
• B)The company incurred a net loss.
• C)The owner's capital account decreased during the period.
• D)An error was made.

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Definitions:

Microorganisms

Microscopic entities, including bacteria and viruses, that may cause infectious diseases but also play essential roles in ecosystems.

Ictotest

A diagnostic test used specifically for detecting the presence of bilirubin in urine, which can indicate liver damage or disease.

Bilirubin

A yellow breakdown product of normal heme catabolism. Its levels are elevated in certain diseases, and it is responsible for the yellow color of bruises and the brown color of feces.

Ammonia

A colorless gas with a distinct sharp smell, commonly used in cleaning products and as a fertilizer, and also produced naturally in the human body.