After all expenses have been subtracted from revenues on an income statement, the final figure or bottom line is called the _____ when it is a positive number.
A)gross profit
B)net revenue
C)net profit
D)owners' equity
E)net sale

Question

Quizplus · Accepted Answer

Net profit is the final figure on an income statement after all expenses, including taxes, interest, and operating expenses, have been subtracted from total revenues. It represents the actual profit the company has earned.

After All Expenses Have Been Subtracted from Revenues on an Income