In business,the "bottom line" refers to the very last line of a(n):
A) income statement, which shows profit.
B) balance sheet, which shows profit.
C) income statement, which shows total revenue.
D) balance sheet, which shows total income.

Question

Quizplus · Accepted Answer

The "bottom line" in business commonly refers to the profit shown on the income statement, which is the last line of the statement after all expenses have been deducted from revenue. The balance sheet shows assets, liabilities, and equity, but not profit. Therefore, the answer is A, income statement showing profit.

In Business,the "Bottom Line" Refers to the Very Last Line