If a company sold $700 worth of goods, paid $400 worth of salaries, and spent $200 in advertising during a period, what will the income statement list as the net income or loss?…

Question

asked Feb 25, 2022 69.7k views

2 Answers

M Z · Answer 1 · 2022-02-27T03:45:24+0000

$100 income

they got $700. then they bought $400 worth of salary, meaning 700-400=300.
300-200=100.
they are left with $100