The income statement and balance sheet columns of Pine Company's - 9308

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Request Description

The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: 

Income Statement Balance Sheet Dr. Cr. Dr. Cr.

Totals $58,000 $48,000$34,000 $44,000

The net income (or loss) for the period is __________.

A.   not determinable

B.   $10,000 loss

C.   $10,000 income

D.   $48,000 income 

 
Solution Description

The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: