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:

Cyanobacteria

A phylum of bacteria that obtain their energy through photosynthesis and are known for their role in the Earth's early atmosphere's oxygenation.

Mosasaur

A group of extinct, large marine reptiles resembling large lizards that lived during the Late Cretaceous period and are known from fossil records.

Plesiosaur

Ancient marine reptiles with long necks and flippers, which lived during the time of the dinosaurs, in the Mesozoic Era.

Pterosaur

Extinct flying reptiles that existed during the age of dinosaurs, distinct for their winged structure formed by a membrane stretching from an elongated fourth finger to their legs.