If XYZ Company Had $12 Million in Revenue and Net

question 32

Multiple Choice

If XYZ Company had $12 million in revenue and net income of $3 million,then its:

• A) expenses must have been $15 million.
• B) expenses must have been $9 million.
• C) assets must have been $12 million.
• D) assets must have been $3 million.

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