What is a firm's net income?
A)earnings before interest and taxes are deducted
B)the third line of an income statement that represents the difference between sales revenues and costs
C)a measure of the firm's profitability over a given period
D)net sales less cost of sales
E)earnings after interest is deducted but before taxes are deducted

Question

Quizplus · Accepted Answer

Net income is a measure of a firm's profitability over a specific period, reflecting the total earnings after all expenses, including taxes and interest, have been deducted.

What Is a Firm's Net Income