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Which of the following statements is (are) correct about completing a work sheet? (Check all that
apply.) Multiple select question. Adding net income to the Credit column of the Balance Sheet &
Owner's Equity columns implies that it is to be added to Owner, Capital. If a net income occurs, it
is added to the Debit column of the Income Statement. The words "net income" or "net loss"
should be written on a line

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  • 1. Which of the following statements is (are) correct about completing a work sheet? (Check all that apply.) Multiple select question. Adding net income to the Credit column of the Balance Sheet & Owner's Equity columns implies that it is to be added to Owner, Capital. If a net income occurs, it is added to the Debit column of the Income Statement. The words "net income" or "net loss" should be written on a line