Question
An income statement may be represented as follows: Select one: a. Sales - Liabilities = Profits. b. Revenues - Liabilities = Net Income. c. Sales
- An income statement may be represented as follows:
Select one:
a. Sales - Liabilities = Profits.
b. Revenues - Liabilities = Net Income.
c. Sales - Revenue = Retained Earnings.
d. Sales - Expenses = Retained Earnings.
please don't chose D, it was answered before "D" in chegg wrong.
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Basic Finance An Introduction To Financial Institutions, Investments And Management
Authors: Herbert B Mayo
9th Edition
0324322291, 9780324322293
