Which of the Following Equations Is Correct

question 8

Multiple Choice

Which of the following equations is correct?

• A) Using balance sheet accounts:
• Sum of debit balances - Sum of credit balances = Net income
• B) Using trial balance accounts:
• Sum of debit balances = Sum of credit balances
• C) Using income statement accounts:
• Sum of credit balances - Sum of debit balances = Net income
• D) All of these.

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Definitions:

Oedipus Complex

A Freudian concept involving a child's unconscious sexual desire for the parent of the opposite sex and jealousy towards the same-sex parent.

Freud

Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Castration Anxiety

A concept in psychoanalytic theory referring to a child's fear of losing their genitalia, symbolizing a fear of losing power or being diminished.

Dream's Latent Content

Involves the hidden psychological meaning of a dream, as distinguished from its manifest content or overt storyline.