After All Expenses Have Been Subtracted from Revenues on an Income

question 98

Multiple Choice

After all expenses have been subtracted from revenues on an income statement, if the final figure is positive, it is known as which of the following?

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

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Definitions:

Mining Operations

The process of extracting minerals or other geological materials from the earth.

Hydraulic Fracturing

A method of extracting underground resources such as oil and natural gas by injecting liquid at high pressure into subterranean rocks, boreholes, etc., to force open existing fissures and extract oil or gas.

Environmental Groups

Organizations dedicated to promoting environmental protection, conservation practices, and the sustainable management of natural resources.

Natural Gas

A fossil fuel formed from the remains of ancient marine organisms, used as a source of energy and raw materials.