menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 1
  4. Exam
    Exam 1: Business Decisions and Financial Accounting
  5. Question
    If Blair Industries Had $24 Million in Revenue and Net
Solved

If Blair Industries Had $24 Million in Revenue and Net

Question 44

Question 44

Multiple Choice

If Blair Industries had $24 million in revenue and net income of $6 million,then its:


A) expenses must have been $30 million.
B) expenses must have been $18 million.
C) assets must have been $24 million.
D) assets must have been $6 million.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1221/.jpg" alt=" Which one of

Q40: Which of the following actions would be

Q41: Puffin Co.began the year with assets of

Q42: The Statement of Cash Flows for the

Q43: Which of the following statements about the

Q45: Match the term to the appropriate definition.(There

Q46: Which of the following statements about the

Q47: Cash activity with stockholders and creditors,such as

Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1221/.jpg" alt=" As of September

Q49: Faithful representation is a characteristic of external

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines