On the Completed Work Sheet,which Set of Columns Usually Should

question 77

Multiple Choice

On the completed work sheet,which set of columns usually should be out of balance after the initial footing?

• A)Both Income Statement and Balance Sheet columns
• B)Balance Sheet columns only
• C)Income Statement columns only
• D)Adjusted Trial Balance columns only

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Definitions:

Compensation Increase

An adjustment or rise in the salary or wages paid to an employee.

Transfer

A move to another job within the company at essentially the same level and wage.