Where does net income appear on a worksheet?
A) Net income appears only in the income statement debit column.
B) Net income appears in the balance sheet credit column and in the income statement debit column.
C) Net income appears in the income statement credit column and in the balance sheet debit column.
D) Net income appears only in the balance sheet credit column.
B
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A Project's payback period is determined to be four years. If it is later discovered that additional cash flows will be generated in years five and six, then:
A) the discount rate must be known to determine whether the payback period changes. B) the Project's payback period will be increased. C) the Project's payback period will be reduced. D) the Project's payback period will be unchanged.
Banks and credit unions serve as ________.
A. A marketplace where people can buy and sell stock B. intermediary between savers and borrowers C. Creators of financial products