When you make a choice in your self-interest, _______.
1 answer:
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Answer:
Explanation:
The income statement shows the profit or loss of a company during a particular year. The income statement shows that how much revenue is generated and how much expenses is incurred in a year.
If the revenue is greater than expenses, than the company is earning profits otherwise it suffers a loss.
= Service revenue - Salary expense - insurance expenses - utility expense - rent expense
= 32,000 - 12,300 - 2,500 - 3,900 - 6,000
= $7,300
The Cornhusker Company has earns a net profit of $7,300 on December 31, 2018.
The table attachment is given below:
