Question

In: Accounting

From the following, select the accurate equations that relate to revenue, expenses, and profits. *Multiple answers...

From the following, select the accurate equations that relate to revenue, expenses, and profits. *Multiple answers may apply

A. Revenues = Profit + Expenses

B. Profit = Revenue - Expenses

C. Expenses = Revenue - Profit

D. Profit = Revenues + Expenses

E. Expenses = Profit + Revenues

**Letter B answer only is wrong.

Solutions

Expert Solution

A. Revenues = Profit +Expenses

B. Profit = Revenue - Expenses

C. Expenses = Revenue - Profit

D &E are the wrong answers


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