Question: > A Moving to another question will save this response. Question 9 On the income statement, which of the following best represents the difference between

> A Moving to another question will save this

> A Moving to another question will save this response. Question 9 On the income statement, which of the following best represents the difference between gross revenue (ie total sales) and net income? That is: [Gross Revenue - Net Income = 7 O A) the residual profit that must be returned to shareholders as a dividend so the balance sheet remains constant OB) the residual profit that must be added to both shareholder equity and assets in the form of retained eamings on the next balance sheet OC) the expenses that a company incursin selling its products, operating its business, and paying its taxes OD) an increase in shareholder equity on the balance sheet

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