Last year, Adventure Enterprises reported revenues of $24 million while its total expenses were $10 million. Based on this information, Adventure reported:
A) profits of $14 million.
B) profits of $34 million.
C) losses of $14 million.
D) losses off $34 million.

Question

Quizplus · Accepted Answer

To calculate Adventure's profits for the year, we need to subtract total expenses from revenues: $24 million - $10 million = $14 million. Therefore, Adventure reported profits of $14 million.

Last Year, Adventure Enterprises Reported Revenues of $24 Million While