Answered

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What symbols are used to denote net gain and loss in business​.

Sagot :

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Answer:

  • Net loss is the excess of expenses over revenues. All expenses are included in this calculation, including the effects of income taxes. For example, revenues of $900,000 and expenses of $1,000,000 yield a net loss of $100,000. Net losses are expected for a start-up business.

Step-by-step explanation:

  1. Key Takeaways. A net loss occurs when the sum total of expenses exceeds the total income or revenue generated by a business, project, transaction, or investment. Businesses would report a net loss on the income statement, effectively as a negative net profit.
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