QUESTION

18) If the total debit column exceeds the total credit column of the income statement columns on a worksheet, then the

Category: Business
Subject: Accounting
Due Date: 01/27/2016
Question Asked: 2016-01-27 17:55:23

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18) If the total debit column exceeds the total credit column of the income statement columns on

a worksheet, then the company has

A. earned net income for the period

B. an error because debits do not equal credits

C. suffered a net loss for the period

D. to make an adjusting entry

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Posted on 2016-01-27 17:55:23

User: LightspeedLearning
Rating: No Rating (0)
earnings: $1.10
Questions: 369
Tutorials: 369
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Preview:

...worksheet, then the company has A. earned net income for...

The full tutorial is about 57 words long.