Question

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
SUBMIT

Answer 1

$100 income

they got $700. then they bought $400 worth of salary, meaning 700-400=300.
300-200=100.
they are left with $100

Answer 2

Answer: $100 income

Step-by-step explanation: