Which of the Following Combinations Results in a Net Loss

question 275

Multiple Choice

Which of the following combinations results in a net loss reported on the income statement?

• A) Total revenues of $70,000 and total expenses of $74,000.
• B) Total revenues of $80,000 and total expenses of $74,000.
• C) Total revenues of $40,000 and total expenses of $31,000.
• D) Total revenues of $20,000 and total expenses of $16,000.
• E) Total revenues of $60,000 and total expenses of $52,000.

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Definitions:

Conservation

In psychology, it refers to a child's ability to understand that quantities remain constant despite changes in their shape or arrangement, as elaborated by Jean Piaget. In environmental science, it pertains to the preservation and protection of natural resources.

Object Permanence

The concept that things continue to exist even when they are not visible, audible, or tangible.

Secure Attachment

A type of attachment characterized by trust, a sense of security, and positive relationships, typically developing from consistent caregiver responses in early childhood.

Habituation

The gradual reduction of a response to a stimulus after repeated exposure to it.