If revenues are greater than expenses, the income statement balance will be positive, showing that the business has incurred loss.

Name: If revenues are greater than expenses, the income statement balance will be positive, showing that the business has incurred loss.
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Question

Quizplus · Accepted Answer

If revenues are greater than expenses, the income statement balance will be positive, indicating that the business has made a profit or a positive net income.

If Revenues Are Greater Than Expenses, the Income Statement Balance