Which of the statements below indicates that a company earned a net income for the period?
a. the sum of the credits exceeds the sum of the debits in the balance sheet columns on the work sheet.
b. the sum of the credits exceeds the sum of the debits in the income statement columns on the work sheet.
c. the sum of the debits exceeds the sum of the credits in the income statement columns on the work sheet.
d. cash inflows exceeded cash outflows

The statement that indicates that a company earned a net income for the period is B. The sum of the credits exceeds the sum of the debits in the income statement columns on the worksheet.

Net income simply means the deduction of the expenses that a company incurs from the revenue that the company makes.

Net income is simply used to know how profitable a business is. Therefore, when the sum of the credits exceeds the sum of the debits in the income statement columns on the worksheet, it shows a net income.

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The correct answer is letter "B": The sum of the credits exceeds the sum of the debits in the Income Statement columns on the work sheet.

Explanation:

Net Income, bottom line, or total earnings or profits is a measure of how profitable the company is over a period of time. To find net income, we should take a look at the company's total revenue to subtract any expenses associated with the company's doing business. After deducting taxes from that amount we will have the company's net income.  

In the case in the income statement credits exceed debits, the net income of a company is likely to be positive.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

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