The "bottom line" of an income statement shows the firm's:

Name: The "bottom line" of an income statement shows the firm's:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The bottom line of an income statement shows the net income or net loss of the firm. This represents the profit or loss the company has made during a certain period of time. Retained earnings and owners' equity are typically found on the balance sheet, while gross margin is a subtotal found higher up on the income statement.

The "Bottom Line" of an Income Statement Shows the Firm's