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our total revenue was $110,000 and your total expenses were $125,000. What is the impact this...

our total revenue was $110,000 and your total expenses were $125,000. What is the impact this has on your balance sheet?

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Answer #1

Total Revenue is :110000

Less: Total Expenses :125000

Loss for the Period : 15000

This loss of $15000 will decrease the retained earning balance in Balance sheet

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