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GREYUIT [131]
4 years ago
7

The excess of revenue over the expenses incurred in earning the revenue is called capital. True False

Business
1 answer:
Sergeu [11.5K]4 years ago
6 0

Answer:

The statement is: False.

Explanation:

Net Income <em>is the result of subtracting a company's expenses in generating income from the total revenue and deducting taxes from that figure</em>. The net income may be distributed as a dividend among common stock shareholders or retained by the company. Instead, capital refers to financial resources such as equity, debt, trading, and working capital.

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All of these are valid concerns and very relevant indeed, but the most problematic situation would be:

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3 years ago
Sally is single, age sixty, and works as sales clerk in 2018. She has no other income. Sally contributed $2,000 to her IRA. Afte
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$200

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