Michaelrayphole
Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

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.

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.