The net income of a company is equal to the total profit or loss minus:
A)assets and liabilities.
B)equity.
C)sales.
D)expenses,including taxes.
E)income and profits.

Name: The net income of a company is equal to the total profit or loss minus: A)assets and liabilities. B)equity. C)sales. D)expenses,including taxes. E)income and profits.
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Question

Quizplus · Accepted Answer

Net income is calculated by subtracting all expenses, including taxes, from the total revenues or sales of a company.

The Net Income of a Company Is Equal to the Total