Would it be correct to say that the business incurred


The income statement of a corporation for the month ofNovember indicates a net income of $200,000. During the sameperiod, $225,000 in cash dividends were paid.
Would it be correct to say that the business incurred a netloss of $25,000 during the month? Why?

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Accounting Basics: Would it be correct to say that the business incurred
Reference No:- TGS0721993

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