Ask Question
BusinessBusiness
1 December, 01:10

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

+2
Answers (1)
  1. 1 December, 01:40
    0
    The statement is: False.

    Explanation:

    Net Income is the result of subtracting a company's expenses in generating income from the total revenue and deducting taxes from that figure. 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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The excess of revenue over the expenses incurred in earning the revenue is called capital. True False ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
define Consolidation: Railroad Barons: Standard Gauge: Rebates: Pool: Telegraph: Patent: Phonograph: Mechanism: Model T: Assembly Line: Mass Production: Factors of Production: Entrepreneurs: Capital: Corporation: Stock: Shareholder: Dividends:
Answers (1)
On March 31, 2009, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately.
Answers (1)
The market system depends on private property ownership and the protection of private property rights to a. Make sure that there are adequate safeguards against theft. b.
Answers (1)
Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected
Answers (1)
Give two reasons why it is important to wash your hands both before and after completing a lab.
Answers (2)
New Questions in Business
In the long-run, a company will choose a manufacturing plant size that has the Multiple Choice minimum average total cost of producing the target level of output. maximum level of resource use per unit of the total product of output.
Answers (1)
While visiting a coffee shop, you see a poster advertising a concert for a music group you'd love to see. You notice there's an NFC tag at the bottom with additional information about the concert.
Answers (1)
What determines if a buyer is satisfied or dissatisfied with a purchase? A. The number of alternatives considered in the purchase decision B. How others feel about the purchase C.
Answers (1)
Mayer Life Systems, a manufacturer of surgical and medical appliances, invented and patented a new dialysis machine that radically reduced maintenance and operational issues.
Answers (2)
In order to open a car wash, Aamina decides to obtain funds through debt financing. which if the following ways can she pursue this? A. by adding partners b. though stocks c. by waiting to open the business until she has saved enough cash d.
Answers (2)
Home » Business » The excess of revenue over the expenses incurred in earning the revenue is called capital. True False
Sign Up Forgot Password?