Which of the Following Statements Is True

question 80

Multiple Choice

Which of the following statements is true?

• A)If revenues are less than expenses,the company has a net loss and retained earnings falls.
• B)If revenues are greater than expenses,the company has net income and contributed capital rises.
• C)If revenues are less than expenses,the company has a net loss and contributed capital rises to balance off the loss.
• D)If revenues are greater than expenses,the company has net income and retained earnings falls.