Rhianmatthews121 Rhianmatthews121
  • 11-01-2021
  • Business
contestada

if revenue is overstated then
a. profit is overstate
b.profit is understated
c. profit is not affected
d. profit is unknown

explain your answer​

Respuesta :

Samawati
Samawati Samawati
  • 12-01-2021

Answer:

a. profit is overstate

Explanation:

Subtracting expenses from revenues give profits.  Assuming the expenses are constant, higher revenues will result in higher profits. Likewise, lower revenues will result in low profits or even losses.

If revenue is overstated, profit will also be overstated. In this scenario, the cost or expenses will be constant. But if revenues are accurate, profits will be accurate.

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