If a Company's Expenses Are Greater Than Its Revenues for the Year

question 106

Multiple Choice

If a company's expenses are greater than its revenues for the year,

• A) its assets increased during the period.
• B) the company incurred a net loss during the period.
• C) the company's liabilities must have increased.
• D) the company's stockholders' equity must have decreased during the period.

---

Definitions:

Superior Colliculi

Structures located in the midbrain that are involved in processing visual information and controlling eye movements.

Dura Mater

The tough outermost membrane that surrounds the brain and spinal cord, offering protection.

Subarachnoid Space

The interval between the arachnoid membrane and pia mater surrounding the brain and spinal cord, filled with cerebrospinal fluid.