ago in Business by (80.6k points)

Question: When expenses exceed revenues, which of the following is true?

Options:

  1.  A net loss results
  2.  A net income results
  3.  Assets equal liabilities
  4.  Assets are increase

Please log in or register to answer this question.

1 Answer

0 votes
ago by (257k points)
selected ago by
 
Best answer

1. A net loss results

When expenses exceed revenues, a net loss results.

Related questions

...