ACCT MISC

ALL ONLINE TEST ACCOUTING 2.| ACCT MISCIf total sales is $90000, office expenses is $30000 and rent expense is $15000, profit or loss is which of the following? Selected Answer: $45000 profit Answers: $45000 profit $45000 loss $75000 loss $75000 profit Feedback: Profit equals $45000 = ($90000 – $30000 – $15000). Learning Objective 2.3 ~ outline the basic financial statements used in business to report to users for decision-making purposes. • Question 2 1 out of 1 points A ch...