When expenses exceed revenues, the resulting change in equity is called:
A. Negative equity.
B. Net income.
C. A liability.
D. Net loss.
E. Net assets.
Answer: D
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Bonds are sold at a premium if the
a. issuing company has a better reputation than other companies in the same business. b. market rate of interest was less than the face rate at the time of issue. c. market rate of interest was more than the face rate at the time of issue. d. company will have to pay a premium to retire the bonds.
In which of the following is a person performing the role of an influencer?
A) Dan decides on the product requirements and makes the final choice of suppliers. B) Luke has the authority to pick out the supplier and negotiate the terms of purchase. C) Liam heads the Tech team at LKG and provides information for evaluating the possible alternatives. D) LKG gets many calls from potential suppliers, and it is Leah's job to weed out the good prospects and refer them to others in LKG. E) Dana authorizes the actions of the deciders and buyers in LKG.
When the manufacturing department cut waste by 10%, the organization paid each member of the department $500 (a portion of the savings) as a part of the organization’s ______ program.
A. profit sharing B. gainsharing C. employee stock ownership plan D. stock option
A professional malpractice insurance protects professionals against liability caused by personal negligence
Indicate whether the statement is true or false