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:

Prefrontal Cortex

The front part of the frontal lobes of the brain, involved in decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Basal Ganglia

A group of structures located deep within the brain, involved in coordinating movement and to some degree, behavior and emotions.

Hippocampus

A region of the middle part of the temporal lobe involved with memory formation.

Temporal Lobes

Regions of the brain located beneath the temples, crucial for processing auditory information and involved in managing memory and emotions.