IDENTIFICATION -El Barzón

question 23

Short Answer

IDENTIFICATION
-El Barzón

---

Definitions:

Net Income

The profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.

External Users

Individuals or entities outside a company, such as investors and creditors, who rely on financial information to make decisions.

Accounting Information

Data related to the financial transactions and status of an organization, used for decision-making, planning, and financial reporting.