If the loss for the period is $38 000 and total expenses are $110 000, total income for the period is:
A) $ 72 000.
B) $138 000.
C) $148 000.
D) $ 62 000.

Name: If the loss for the period is $38 000 and total expenses are $110 000, total income for the period is: A) $ 72 000. B) $138 000. C) $148 000. D) $ 62 000.
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Quizplus · Accepted Answer

The loss is calculated as total expenses minus total income. Therefore, total income = total expenses - loss = $110,000 - $38,000 = $72,000.

If the Loss for the Period Is $38 000 and Total