The Formula for Calculating Surplus (Loss) Is

question 73

Multiple Choice

The formula for calculating surplus (loss) is

• A)total income minus total expenses.
• B)assets minus liabilities.
• C)total income minus liabilities.
• D)assets minus total expenses.

---

Definitions:

Production

The activities and processes used in making tangible products; also called manufacturing.

Financial Advisor

A professional who provides expert advice on personal financial matters, including investments, insurance, mortgages, college savings, estate planning, taxes, and retirement, depending on what the client requests.