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A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss) for the period is
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A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss) for the period is A. $3,600. B. ($2,100). C. $975. D. ($1,425).

User Jim Bray
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The answer is C. $975.00
User Thomas Deutsch
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C $975 as you minus rent etc from the revenue
User Mattias Alfborger
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