The income statement columns on a worksheet have subtotals as follows: debit column,$12,000,and credit column,$9,000.This indicates that:
A) the company incurred a net loss of $3,000.
B) the company earned a net income of $1,500.
C) there was an error in the unadjusted trial balance columns.
D) there was an error in the income statement columns.
Correct Answer:
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