The Income Statement for the Year 2016 of Bugati Co

question 110

Multiple Choice

The income statement for the year 2016 of Bugati Co. contains the following information: $\begin{array}{lr}\text { Revenues } &&\$73,000 \\\text { Expenses: } & \\\text { Salaries and Wages Expense } & \$ 43,000 \\\text { Rent Expense } &12,000 \\\text { Advertising Expense } & 11,000 \\\text { Supplies Expense } &6,000 \\\text { Utilities Expense }& 3,500\\\text { Insurance Expense }&4,000 \\\quad \text { Total expenses } &&79,500 \\\text { Net income (loss) } &&\$(6,500) \end{array}$
After all closing entries have been posted the revenue account will have a balance of

• A) $0.
• B) $73000 credit.
• C) $73000 debit.
• D) $6500 credit.

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Definitions:

Patriarchal Status Quo

The prevailing social condition in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Psychological Damage

Harm or injury to a person's mental state, which can result from traumatic experiences, stress, or other emotional impacts.

Depression

A mood disorder characterized by persistent feelings of sadness, loneliness, and a lack of interest in life activities.

Pronatalism

A belief system promoting the bearing of children as highly desirable, often culturally or politically encouraged.