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    Financial Accounting Study Set 24
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    Exam 3: Operating Decisions and the Accounting System
  5. Question
    If Total Revenues Are the Same as Total Expenses, Then
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If Total Revenues Are the Same as Total Expenses, Then

Question 24

Question 24

Multiple Choice

If total revenues are the same as total expenses, then a company has which of the following?


A) a decrease in shareholders' equity.
B) a loss.
C) neither a profit nor a loss.
D) a profit.

Correct Answer:

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