Net Income Refers To

question 58

Multiple Choice

Net Income refers to:

• A)The difference between what was earned and the costs incurred during a period.
• B)The difference between the cash received and the cash paid out during a period.
• C)The difference between what is owned and what is owed at a point in time.
• D)The change in the value of the company during a period.

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Definitions:

Debentures

A type of long-term debt instrument that is not secured by physical assets or collateral but based on the issuer's creditworthiness and reputation.

Dividends

Profits of a corporation that are distributed in the form of cash payments to stockholders.