Net Income Is Equal To

question 13

Multiple Choice

Net income is equal to:

• A) Assets minus Liabilities
• B) Revenues and Gains minus Expenses and Losses
• C) Shareholders' Equity minus Assets
• D) Revenues and Assets minus Expenses and Liabilities

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Definitions:

Probability

The measure of the likelihood that a given event will occur, expressed as a number between 0 and 1.

First Serve

In tennis, the initial serve attempt in a point, which, if unsuccessful, is followed by a second chance known as the second serve.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of numbers.

Successful

Achieving desired visions and planned goals through effective performance or operation.