Net income is
A)the difference between revenues and dividends
B)the difference between revenues and retained earnings.
C)the difference between cash and dividends.
D)the difference between revenues and total assets.
E)the difference between revenues and expenses.

Question

Quizplus · Accepted Answer

Net income is the difference between revenues and expenses. This represents the profitability of a business after deducting all its expenses from the revenue earned during a specific period.

Net Income Is