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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
It is possible to determine the net income or loss for the period by:
A) taking adjusted trial balance amounts and subtracting expenses from revenues.
B) looking at the bottom line on the Income Statement.
C) taking post-closing trial balance amounts and subtracting expenses from revenues.
D) both A and B, which describe correct ways to determine the net income or loss for the period.
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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