A firm's net income as reported on its income statement is also known as the firm's _____.
A)operating cash flow
B)net cash flow
C)noncash income
D)accounting profit
E)net sales

Question

A firm's net income as reported on its income statement is also known as the firm's _____. 
A)operating cash flow
B)net cash flow
C)noncash income
D)accounting profit
E)net sales

Quizplus · Accepted Answer

The firm's net income as reported on its income statement is also known as its accounting profit, which is the total revenues minus total expenses during a specific period of time.

A Firm's Net Income as Reported on Its Income Statement