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The Balance Sheet Columns on a Worksheet Have Subtotals as Follows

Question 104

Multiple Choice

The Balance Sheet columns on a worksheet have subtotals as follows debit column, $1,000, and credit column, $900. This indicates that


A) the company incurred a net loss of $100.
B) the company earned a net income of $100.
C) there was an error in the Adjustments columns.
D) there was an error in the Balance Sheet columns.

Correct Answer:

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