crystalrivers800 crystalrivers800
  • 25-03-2021
  • Mathematics
contestada

Owner investment: $8,000
Revenue: $15,000
Equity: $21,000
Expenses: $3,000

Based on this data, the net profit or loss on the income statement should be:

Respuesta :

Parrain
Parrain Parrain
  • 31-03-2021

Answer: $12,000

Step-by-step explanation:

The Income statement shows the Net Profit or Loss for a company in a given period. That Net income is calculated by subtracting expenses from the revenue for the period:

= Revenue - Expenses

= 15,000 - 3,000

= $12,000

Answer Link

Otras preguntas

What is the sin, cos, and tan of -495 degrees, and -20π/3  ??
how do you solve for sinxcos2x+cosxsin2x=0 ?
Simplify the expression 14+2y+3-6y
Is 6/5 greater or less than 3/3
Anne bought a necklace for each of her three sisters. She paid $7 for each necklace. Suppose she had $9 left. Write and solve an equation to find how much money
Anne bought a necklace for each of her three sisters. She paid $7 for each necklace. Suppose she had $9 left. Write and solve an equation to find how much money
on a fishing trip camie and her friends covered 77 miles at an average speed of 28 miles per hour.How long did this trip take?
why do sharks not have swim bladder
how do you solve for sinxcos2x+cosxsin2x=0 ?
A CABLE COMPANY CHARGES $25 PER MONTH AND $5 FOR EVERY PAY-PER-VIEW MOVIE ORDERED. WRITE THE EQUATION THAT REPRESENTS THE SITUATION,LET B represent the total bi