Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
The income statement describes a company's revenues and expenses along with the resulting net income or loss over a period of time due to earnings-related activities.
What is net income?
Sales less cost of goods sold, selling, general and administrative costs, operating costs, depreciation, interest, taxes, and other charges are used to calculate sales.
Net income (NI), often known as net earnings, is the difference between these two figures. Investors might use this figure to gauge the extent to which an organization's revenue outpaces its costs.
Net income can be found on an organization's income statement and serves as a gauge of profitability. Utilizing NI, earnings per share are computed.
Investors should check the figures used to calculate NI because costs might be concealed using accounting techniques or revenues can be exaggerated.
After deducting taxes and deductions from gross income, NI also indicates a person's total profits or pre-tax earnings.
To know more about net income with the given link
https://brainly.com/question/20938437
#SPJ4
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.
