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The 'Balance Sheet' columns of a work sheet show a total Dr. of 44,000 and a total Cr. of $40,000. Which of the following must
The 'Balance Sheet' columns of a work sheet show a total Dr. of 44,000 and a total Cr. of $40,000. Which of the following must be true in this case? Multiple Choice Expenses shown in the 'Income Statement' columns must total $44,000. Revenues shown in the 'Income Statement' columns must total $40,000. Liabilities shown in the 'Balance Sheet' columns must total $44,000. Net loss must equal -$4,000. Net income must equal $4,000. D
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