Multiple Choice
You are inspecting the statement of comprehensive income of a company. It reports a profit of $75 800. From this information, you can conclude that:
A) the owners have a rather small investment in the firm.
B) the company is a merchandising firm.
C) there have been financing and investing activities during the period but no operating activities.
D) the value of resources received from sales exceeds the value of resources consumed.
Correct Answer:
Verified
Correct Answer:
Verified
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