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If a company sold $700 worth of goods, paid $400 worth of salaries, and spent $200 in advertising during a period, what will the income statement list as the net income or loss? A. $900 loss B. $900 income
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13 votes
13 votes
If a company sold $700 worth of goods, paid $400 worth of salaries, and

spent $200 in advertising during a period, what will the income statement list
as the net income or loss?
A. $900 loss
B. $900 income
C. $100 loss
D. $100 income
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User Eoin Campbell
by
3.0k points

2 Answers

18 votes
18 votes
$100 income

they got $700. then they bought $400 worth of salary, meaning 700-400=300.
300-200=100.
they are left with $100
User Nikhil Aggarwal
by
2.5k points
14 votes
14 votes

Answer: $100 income

Step-by-step explanation:

User Engma
by
3.2k points
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