Which of the following is an overall measure of the performance of a business entity's activities?

Question

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Net income (or net loss) is the overall measure of the performance of a business entity's activities. It takes into account all the revenues and expenses incurred during a specific period, providing a clear indication of the profitability of the business. Revenues, assets, and owners' equity are important financial metrics, but they do not necessarily provide an accurate representation of the business's overall performance.

Which of the Following Is an Overall Measure of the Performance