Net Income refers to:
A)The difference between what was earned and the costs incurred during a period.
B)The difference between the cash received and the cash paid out during a period.
C)The difference between what is owned and what is owed at a point in time.
D)The change in the value of the company during a period.

Question

Quizplus · Accepted Answer

Net Income refers to the difference between what was earned and the costs incurred during a period. It is also known as the company's profit or earnings. B refers to cash flow, C refers to balance sheet, and D refers to changes in equity or shareholder value.

Net Income Refers To