When expenses exceed revenues in a given period, a. Stockholders equity will not be impacted. b. Stockholders

Question:

When expenses exceed revenues in a given period,

a. Stockholders’ equity will not be impacted.
b. Stockholders’ equity will be increased.
c. Stockholders’ equity will be decreased.
d. One cannot determine the impact on stockholders’ equity without information about the specific revenues and expenses.