If a company reports a loss of $15,000 and total expenses of $310,000 is this enough information to determine its revenues? If it is how would it be determined?
|
If a company reports a loss of $15,000 and total expenses of $310,000 is this enough information to determine its revenues? If it is how would it be determined?
X-310,000 = (15,000)
X = Revenues
So the revenues would $325,000.
No, that would leave you with a gain of $15,000. We are looking for a loss of $15,000.
$295,000
Correct
| All times are GMT -7. The time now is 08:29 AM. |