When a Company Has Earned a Net Income, the Net

question 70

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

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