Net Income Is Equal to Which One of the Following

question 30

Multiple Choice

Net income is equal to which one of the following?

• A)operating income plus interest expense minus taxes
• B)gross profit minus depreciation and interest expense
• C)pretax income plus income taxes
• D)dividends plus the change in retained earnings
• E)pretax income minus taxes and dividends

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Definitions:

Impact

The strong effect or influence one thing has on another, which can be observed in various contexts such as social, environmental, or economic areas.

Excessive Optimism

An unrealistic expectation of positive outcomes, often disregarding potential risks or negative results.

Sexually Transmitted Infection

An infection transmitted through sexual contact, caused by bacteria, viruses, or parasites.

Reciprocal Determinism

A concept in social cognitive theory that suggests individual behavior, personal factors, and environmental influences all operate as interlocking determinants of each other.