Which of the following statements is true if the income statement credit column exceeds the income statement debit column on a worksheet?

A) The company made a net profit.
B) The company incurred a net loss.
C) The retained earnings account decreased during the period.
D) An error was made.

A

Business

You might also like to view...

According to political scientist Samuel Huntington's thesis, global terrorism is a product of the tension between civilizations and the clash of value systems and ideology.

a. true b. false

Business

Which of the following theories developed by Frederick Herzberg distinguishes dissatisfiers from satisfiers?

A) trait-role theory B) psychological constraint theory C) probability theory D) leadership model E) two-factor theory

Business