Net Income or Net Profit
A) Are the same
B) Net Income is less than Net Profit
C) Net Profit is the profit before expenses are deducted
D) None of the above

Name: Net Income or Net Profit A) Are the same B) Net Income is less than Net Profit C) Net Profit is the profit before expenses are deducted D) None of the above
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Net Income and Net Profit are the same thing. They both represent the amount of profit generated by a company after all expenses (including taxes) have been deducted from its revenue.