Last Year,MacTeck Enterprises Had Total Revenues of $34 Million While

question 27

Multiple Choice

Last year,MacTeck Enterprises had total revenues of $34 million while its total expenses were $22 million.Based on this information,MacTeck:

• A) earned a profit of $12 million.
• B) earned a profit of $56 million.
• C) suffered a loss of $12 million.
• D) suffered a loss of $22 million.