The Income Statement Columns in the Worksheet Show That Debits

question 1

Multiple Choice

The income statement columns in the worksheet show that debits are equal to $55,800 and credits are $67,520. What does this information mean to the accountant?

• A) Net income of $11,720
• B) Net loss of $11,720
• C) The accounts are out of balance, indicating an error has been made.
• D) The accounts have not been updated.

---

Definitions:

Conversion Disorder

A mental condition where psychological stress is expressed as physical symptoms that cannot be explained by medical evaluation.

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Dissociative Identity Disorder

A severe form of dissociation characterized by two or more distinct personality states or identities within a single individual.

Dissociative Disorder

A mental health condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.