The net income (or loss) for the period is
A. $50,000 income.
B. $ 8,000 income.
C. $ 8,000 loss.
D. Not determinable.
Answer:C
The net income (or loss) for the period is
A. $50,000 income. B. $ 8,000 income. C. $ 8,000 loss. D. Not determinable.