crystalrivers800 crystalrivers800

25-03-2021
Mathematics

contestada

Owner investment: $8,000
Revenue: $15,000
Equity: $21,000
Expenses: $3,000

Based on this data, the net profit or loss on the income statement should be:

Respuesta :

Parrain Parrain

31-03-2021

Answer: $12,000

Step-by-step explanation:

The Income statement shows the Net Profit or Loss for a company in a given period. That Net income is calculated by subtracting expenses from the revenue for the period:

= Revenue - Expenses

= 15,000 - 3,000

= $12,000

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