If total revenues are the same as total expenses, then a company has which of the following?
A) a loss.
B) a proﬁt.
C) neither a proﬁt nor a loss.
D) a decrease in shareholders' equity.

Name: If total revenues are the same as total expenses, then a company has which of the following? A) a loss. B) a proﬁt. C) neither a proﬁt nor a loss. D) a decrease in shareholders' equity.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

When total revenues are equal to total expenses, a company neither makes a profit nor incurs a loss; it breaks even.

If Total Revenues Are the Same as Total Expenses, Then