Jenna asked her accountant to prepare a summary of the company's "bottom line." What specific information is Jenna interested in?
A)comparison of assets and liabilities
B)the company's financial position for that week
C)net income after taxes
D)statement of owners' equity

Question

Quizplus · Accepted Answer

The "bottom line" generally refers to the net income of a company after all expenses and taxes are taken into account. Therefore, Jenna is likely interested in the company's net income after taxes.

Jenna Asked Her Accountant to Prepare a Summary of the Company's