When a Company Has a Net Loss,the Net Loss Amount

question 150

Multiple Choice

When a company has a net loss,the net loss 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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