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Sagot :
$45,000 is the amount of the corrected net income (ignoring income taxes) for 2015
What is net income?
Net income is defined in business and accounting as an entity's income less cost of goods sold, costs, depreciation and amortization, interest, and taxes for an accounting period.
Net revenue reporting, which subtracts the cost of goods sold from gross revenue, provides a more accurate view of the bottom line.
Profit is just the revenue left over after expenses; it exists on various levels, depending on whatever costs are removed from revenue. Net income, or net profit, is a single statistic that represents a certain form of profit. The well-known bottom line on a financial statement is net income.
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