Your boss asks you what was the bottom line on last year's results. You refer your boss to the ________ line on the income statement.
A)revenue
B)gross profit
C)operating expenses
D)net income

Question

Quizplus · Accepted Answer

The bottom line on the income statement represents the net income or profit of the company after all expenses and taxes have been deducted from total revenue, making D the best choice.

Your Boss Asks You What Was the Bottom Line on Last