Net income and net profit mean the same thing to accountants.
Correct Answer:
Verified
Q82: Net income is computed as:
A)revenues - expenses
Q90: Which of the following must be added
Q97: If assets increase $210,000 during a given
Q99: In accounting, the word "net" refers to
Q100: The statement of cash flows contains three
Q102: The statement that reports revenues and expenses
Q103: A potential investor interested in evaluating a
Q104: The ending balance in Retained Earnings appears
Q105: Gains and losses appear on which of
Q106: The income statement:
A)is not dated.
B)may cover a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents