Net Income Is Computed As

question 169

Multiple Choice

Net income is computed as:

• A)revenues - expenses - dividends.
• B)revenues + expenses.
• C)revenues - expenses.
• D)revenues - expenses + dividends.

---

Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.

Utilities

Expenses for basic services like electricity, water, and gas required for a business's operations.

Managerial Salaries

Compensation paid to individuals who are responsible for overseeing and directing the operations within a company or organization.

Overapplied

A situation in cost accounting where the allocated cost is greater than the actual cost, often requiring adjustment.