Michaelrayphole
Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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.

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.