A business incurs a if its costs and expenses exceed its revenues.
A)loss
B) liability
C) debit
D)dividend

Name: A business incurs a if its costs and expenses exceed its revenues. A)loss B) liability C) debit D)dividend
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Question

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When a business incurs more costs and expenses than it generates as revenue, it experiences a loss. A liability is a debt that a business owes to another entity, a debit is an entry on the left side of an accounting ledger, and a dividend is a distribution of profits to shareholders.

A Business Incurs a If Its Costs and Expenses Exceed