Which of the Statements Below Indicates That a Company Earned

question 97

Multiple Choice

Which of the statements below indicates that a company earned a net income for the period?

• A) The sum of the credits exceeds the sum of the debits in the Balance Sheet columns on the work sheet.
• B) The sum of the credits exceeds the sum of the debits in the Income Statement columns on the work sheet.
• C) The sum of the debits exceeds the sum of the credits in the Income Statement columns on the work sheet.
• D) Cash inflows exceeded cash outflows.

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Definitions:

Concentrate Resources

Strategy of focusing available resources and efforts in a specific area or on a specific task or goal to increase effectiveness.

Charismatic Leaders

Individuals who inspire and motivate others through their personal charm and the profound belief in their own vision.

Impression Management

Techniques used by individuals or organizations to control or influence perceptions of themselves in the minds of others.

Charisma

A personal quality of leadership attracting loyalty or enthusiasm from others, often seen as a form of magnetic charm or appeal that is not easily defined.