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On a Worksheet, the Income Statement Debit Column Equals $190,800

Question 7

Multiple Choice

On a worksheet, the income statement debit column equals $190,800 and the income statement credit column equals $195,600. From this data, it can be determined that:


A) the company had a net loss of $4,800 added to the income statement credit column.
B) the company had a net income of $4,800 added to the income statement debit column.
C) the company had a net loss of $4,800 added to the income statement debit column.
D) the company had a net income of $4,800 added to the income statement credit column.

Correct Answer:

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