After All Expenses Have Been Subtracted from Revenues on an Income

question 21

Multiple Choice

After all expenses have been subtracted from revenues on an income statement, the final figure or bottom line is called the _____ when it is a positive number.

• A)gross profit
• B)net revenue
• C)net profit
• D)owners' equity
• E)net sale

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Definitions:

Scenarios

Detailed and plausible accounts of how the future might unfold for a specific area of interest.

Analysis

The detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation.

Planning

The process of making strategic decisions about setting goals, identifying actions to achieve the goals, and mobilizing resources to execute the actions.