If a companys revenues are $125,000 and its expenses are $113,000, in which financial statement columns of

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If a company’s revenues are $125,000 and its expenses are $113,000, in which financial statement columns of the worksheet will the net income of $12,000 appear? When expenses exceed revenues, in which columns will the difference appear?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 20, 2011 07:55 AM

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If a companys revenues are $125,000 and its expenses are $113,000, in which financial statement columns of

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The net income of 12000 will appear in t...View the full answer

Accounting Principles

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