Net income is/are resources owned by a company. the costs of providing products and services. the...
Net income is/are
resources owned by a company.
the costs of providing products and services.
the amounts earned from selling products or services to customers.
owners’ claims to resources.
amounts owed to creditors.
the calculated difference between revenues and expenses.
Homework Answers
Ans: The calculated difference between revenues and expenses. (Last option)/ option 6
Net income is the difference between a company's sales revenue and all the expenses. Hence, the last option is the correct choice.
The resources owned by a company are called assets and not net income, hence option 1 is incorrect choice.
Net income is not the costs of providing products and services.hence, option 2 is also incorrect.
The amount earned from selling products or services to the customer is called revenue not net income hence, option 3 is also incorrect.
The owners' claim to assets is called equity and amount owed to creditors is called liability, hence option 4 and 5 are also incorrect.
Add Answer to:
Net income is/are
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