Which Statement Is Not Correct

question 18

Multiple Choice

Which statement is not correct?

• A)A loss is incurred when expenses > income.
• B)A profit is earned when income < expenses.
• C)A loss is incurred when income < expenses.
• D)A profit is earned when income > expenses.

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Definitions:

External Sources

Information, capital, or services obtained from outside the organization or individual's immediate environment or domain.