For the year ending July 3, 2010, Sara Lee Corporation had revenues of $10,793 million and total

Question:

For the year ending July 3, 2010, Sara Lee had revenues of $10,793 million and total expenses of $10,287 million. Did Sara Lee incur a net loss or realize net income?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...