After All of the Account Balances Have Been Extended to the Balance

question 46

Multiple Choice

After all of the account balances have been extended to the Balance Sheet columns of the work sheet,the totals of the debit and credit columns show debits of $37,686 and the credits of $41,101.This indicates that

• A)neither net income or loss can be calculated because it is found on the income statement
• B)the company has a net loss of $3,415 for the period
• C)the company has a net income of $3,415 for the period
• D)the amounts are out of balance and need to be corrected

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Definitions:

Psychotherapy

A process aimed at improving an individual's mental health and well-being through conversations with a trained therapist.

Baseline Record

An initial collection of data or observations that serves as a reference point for future comparisons.

Behavior Analysis

A scientific approach to understanding behavior and how it is affected by the environment.

Assertion Training

A type of psychotherapy aimed at increasing an individual's ability to express their feelings, needs, and rights directly and appropriately.