What occurs when expenses are greater than income? 1. Net Loss 2. Net Profit 3. Debts 4. Decrease in Assets
Q: a4
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- When we reduce Total expenses from Revenue , the result is called as ........... a. Cost b. Revenues c. Expenses d. Net income or Net LossDetermine the following by preparing a multi-step form of SCI. Bad debts expenseGross ProfitTotal ExpensesNet Income/LossWhat impact does an increase in expenses have on net income?
- Net income is gross profit less other income.O financing expenses.O operating expenses.O other revenues and losses.Net Income or Net Profit a.Net Income is less than Net Profit b.Are the same c.Net Profit is the profit before expenses are deducted d.None of these choices are correct.Expense and loss are the same. Net loss is a deficit or negative figure in the net income line.