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:

Security Officer

A person employed to protect property, assets, or people, often by maintaining a high visibility presence to deter illegal and inappropriate actions.

Privacy Officer

The person designated by a health care organization, whether hospital system or private practice, who handles and oversees the maintenance of protected health information.

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.

Paycheck

A document issued by an employer to an employee for rendered services, representing wages or salary.