Profit is another name for
A)A business transaction.
B)Equity.
C)Net income.
D)Assets.
E)The income statement.

Name: Profit is another name for A)A business transaction. B)Equity. C)Net income. D)Assets. E)The income statement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit is usually defined as the revenue earned minus the expenses incurred by a business, which results in the net income. Therefore, choice C is the best answer. Choices A, B, D, and E are incorrect because they do not fully capture the meaning of profit.

Profit Is Another Name for