The Amount of Net Income (Or Loss)will Appear on the Debit

question 89

Multiple Choice

The amount of net income (or loss) will appear on the debit side of the Income Statement columns in a worksheet if:

• A)Revenue exceeds total expenses for the period.
• B)The trial balance is out of balance.
• C)Dividends are more than the income or loss for the period.
• D)There is a net loss for the period.

Understand the services and features provided by asset management accounts.

Identify high-interest financial services and their impact on consumers.

Explain the benefits and limitations of alternative payment methods like PayNearMe.

Describe the terms and benefits of Series EE bonds.