Question 2 8 points Save Answer Which of the following statements is accurate about gains and losses? A gain has a Credit balance and is shown on the balance sheet. A loss has A a Debit balance and is shown on the balance sheet. A gain has a Debit balance and is shown on the Income Statement. A loss has B. a Credit balance and is shown on the Income Statement. A gain has a Credit balance and is shown on the Balance Sheet. A loss has C. a Debit balance and is shown on the Income Statement. A gain has a Credit balance and is shown on the Income Statement. A loss has D.a Debit balance and is shown on the Income Statement