After all expenses have been subtracted from revenues on an income statement, the final figure or bottom line is called the _____ when it is a negative number.
A)negative liability
B)net liability
C)net loss
D)owners' negative equity
E)net expense

Question

Quizplus · Accepted Answer

The final figure or bottom line is called a "net loss" when it is a negative number, indicating that expenses have exceeded revenues during the period.

After All Expenses Have Been Subtracted from Revenues on an Income