Amelia asked her accountant to prepare a summary of the company's "bottom line." What specific information is Amelia 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 term "bottom line" refers to a company's net income after all expenses, including taxes, have been deducted from revenues. It is a key indicator of the company's profitability.

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