Michaelrayphole
Answered

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If Old-Fashioned Toys' revenues are less than its expenses during the accounting
period, then the
A. business will incur a loss.
B. owner's withdrawals increase owner's equity.
C. net income causes liabilities to decrease.
D. owner's withdrawals decrease net income.

Sagot :

confucius

Answer:

A

Explanation:

Business will incur a loss because in order to make a profit, revenue must be greater than expenses.

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