Question

question 4 (1 point)
if expenses are greater than revenues,
the organization’s financial statement
will reflect a net loss
true
false
question 5 (1 point)
depreciation is a cash expense
true
false

Explanation:

Question 4

In accounting (a subfield of Business), net income (or loss) is calculated as revenues minus expenses. If expenses > revenues, the result is a net loss, which is reflected in financial statements.

Depreciation is a non - cash expense. It allocates the cost of an asset over its useful life and does not involve an actual cash outflow.

Answer:

True

Question 5