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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Which of the following statements is true if the income statement debit column exceeds the income statement credit column of a worksheet?
A) The company incurred a net loss.
B) The company made a net profit.
C) An error was made.
D) The retained earnings account increased during the period.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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8 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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