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:

Die In Committee

A legislative term referring to a bill that is not advanced out of a committee to be voted on by the larger legislative body, effectively halting its progress.

Money Bills

Legislation specifically related to taxation or government spending, typically originating in a legislature's lower house.

House Of Representatives

One of the two chambers of Congress in the United States, whose members are directly elected by the people and represent individual districts.

Select Committees

Special committees established by the legislative body for a specific purpose and usually for a limited time.