Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
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.
To know more about net income follow the link:
https://brainly.com/question/15530787
#SPJ4
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
