A business had revenues of $640,000 and operating expenses of $715,000. What was the amount of (a) Net loss or (b) Net income?

Chapter 1, Discussion Questions #9

A business had revenues of $640,000 and operating expenses of $715,000. What was the amount of 

(a) Net loss or 

(b) Net income?

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Related Book For answer-question

Financial And Managerial Accounting

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

ISBN: 9781337119207