Net Income Can Best Be Described As

question 128

Multiple Choice

Net income can best be described as:

• A)Net cash received by a company during the year.
• B)Revenues minus expenses.
• C)The amount of profits retained in a company for the year.
• D)Resources of a company.

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Definitions:

Government Policies

Decisions, plans, or actions that are undertaken by a government to achieve a specific set of goals or address specific issues within a country.

Money Supply

The total amount of monetary assets available in an economy at a specific time.

Recession

A period of significant decline in economic activity spread across the economy, lasting more than a few months.

Money Supply

The total amount of monetary assets available in an economy at a given time, including cash, coins, and balances held in bank accounts.