Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

تمرين 36

When expenses exceed revenues in a given period,
A) Stockholders' equity will not be impacted.
B) Stockholders' equity will be increased.
C) Stockholders' equity will be decreased.
D) One cannot determine the impact on stockholders' equity without information about the specific revenues and expenses.