If a company's expenses for the period are greater than its revenues,then the company will report ________.
A)net income
B)a decrease in cash
C)a net loss
D)both a decrease in cash and a net loss

Question

Quizplus · Accepted Answer

If a company's expenses for the period are greater than its revenues, it means the company has incurred a loss. Therefore, the company will report a net loss.

If a Company's Expenses for the Period Are Greater Than