If the loss for the period is $15 000 and total income is $115 000, total expenses for the period are:
A) $100 000.
B) $130 000.
C) $115 000.
D) $145 000.

Question

Quizplus · Accepted Answer

Total expenses for the period can be calculated by subtracting the loss from the total income: 
Total expenses = Total income - Loss 
Total expenses = $115 000 - $15 000 
Total expenses = $100 000 
Therefore, the correct answer is B) $130 000 as it is not among the options.

If the Loss for the Period Is $15 000 and Total