On the income statement of a merchandising company,net income is the amount by which net sales exceed operating expenses.

Name: On the income statement of a merchandising company,net income is the amount by which net sales exceed operating expenses.
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Net income is the amount by which the total revenues exceed total expenses, not just operating expenses. This includes costs of goods sold, selling expenses, administrative expenses, and other expenses or income.

On the Income Statement of a Merchandising Company,net Income Is