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    Fundamental Accounting Principles Study Set 7
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    Exam 1: Accounting in Business
  5. Question
    The Excess of Expenses Over Revenues for a Period Is
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The Excess of Expenses Over Revenues for a Period Is

Question 66

Question 66

Multiple Choice

The excess of expenses over revenues for a period is


A) Net loss.
B) Equity.
C) A liability.
D) Net assets.
E) Net income.

Correct Answer:

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