Subtract: 48,006 - 3,215

question 201

Multiple Choice

Subtract: 48,006 - 3,215

• A)44,791
• B)51,212
• C)44,719
• D)51,221
• E) none of the above

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.

Assets

Resources owned or controlled by a company with expected future economic benefit.

Revenues

The total amount of money generated by a company from its normal business operations, before any costs or expenses are deducted.

Total Liabilities

The sum of all financial obligations or debts that a company owes to outside parties, listed on the balance sheet.