Examlex
Which of the following statements is false?
Net Income
The amount of profit left after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.
Additional Investment
Funds invested into a business by its owners or shareholders over and above the initial investment.
Income Statement
A financial statement that reports a company's revenues, expenses, and profits over a specific period, showing the financial performance of the business.
Statement Of Owner's Equity
A financial document showing changes in the equity of a company over a certain period due to various business activities, such as earnings and withdrawals.
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