Asked by garrett miles on Jun 10, 2024

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Net income is sometimes called earnings or profit.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from revenue.

Earnings

The amount of profit that a company generates during a specific period, often reported as net income.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

  • Determine the method for calculating and interpreting return on assets.
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Noorfatihah PirdausJun 15, 2024
Final Answer :
True
Explanation :
This is true, net income is a company's total earnings after all expenses have been deducted. It is often referred to as earnings or profit.