| Net Income |
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Information AboutNet Income |
| CATEGORIES ABOUT NET INCOME | |
| generally accepted accounting principles | |
| income | |
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Net income is sometimes called the bottom line because it is typically found on the last line of a company's Income Statement . An equation for net income in merchandising: :Net income or Net loss = Revenue - Cost of goods sold - Sales discounts - Sales returns and allowances - Expenses = Profit Another term that is closely related to this is top line. As the Total Revenue forms the first line of the account statement, it is often called top line. |
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