Diana asked her accountant to prepare a summary of the company's "bottom line." What specific information is Diana 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" typically refers to the net income (or profit) of a company after all expenses, including taxes, have been deducted. Therefore, Diana is likely interested in the net income after taxes for the company.

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