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Business, 29.10.2020 17:50 dvnive

Refer to this income statement to answer the question below. Forks Gym
Income Statement
From the Month Ended March 31,

Revenue:
Membership Fees Revenue - 5,000.00
Rental Revenue - 2,000.00
Instruction Revenue - 4,000.00
Total Revenue = 11,000.00

Expenses:
Advertising Expense - 1,000.00
Rent Expense - 2,000.00
Utilities Expense - 500.00
Total Expenses = 3,500.00

Net Income = 7,500.00

Forks Gym has a net income.

A. True
B. False

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Answers: 1

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Refer to this income statement to answer the question below. Forks Gym
Income Statement
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