10. A net loss will result during a time period when a. assets exceed liabilities. b. assets exceed stockholders' equity. c. expenses exceed revenues. d. revenues exceed expenses. 14. Select from the following the incorrect statement regarding contribution margin. a. Sales - variable manufacturing costs = contribution margin b. Net income + total fixed costs = contribution margin c. At the breakeven point (where the company has neither profit nor loss), total fixed costs = total contribution margin d. Total sales revenue times the contribution margin ratio = total contribution margin