After All Expenses Have Been Subtracted from Revenues on an Income

question 70

Multiple Choice

After all expenses have been subtracted from revenues on an income statement, if the final figure is negative, it is known as which of the following?

• A) owners' negative equity
• B) net loss
• C) negative liability
• D) net liability

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Definitions:

Disruptive Mood Dysregulation Disorder

A psychological disorder characterized by severe and recurrent temper outbursts that are disproportionate to the situation and developmentally inappropriate.

State-dependent Memory

The phenomenon whereby information learned in a particular state of mind or environment is more easily recalled when in the same state.

Pessimistic Explanatory Style

A tendency to explain negative events as permanent, personal, and pervasive, which is linked to higher risk of depression.

Social Rejection

The experience of being excluded or dismissed by individuals or a group, which can lead to feelings of loneliness, sadness, or low self-esteem.