Examlex
Which statement correctly describes the class relationship shown in this diagram?
Net Income
The final financial gain of a firm once it has subtracted expenses and taxes from its revenue.
Net Loss
The amount by which total expenses exceed total revenues, indicating that a business spent more than it earned during a given period.
Net Loss
This occurs when a company's expenses exceed its revenues during a specific period of time, leading to a negative net income.
Ending Capital
The amount of capital a company or individual has at the end of a financial period, after all transactions have been accounted for.
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