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:

Situational Attribution

The process of attributing a person's behavior to external circumstances or environmental factors.

Immorality

Refers to acts or behaviors that are considered unethical or in violation of moral or social norms.

Consistency

The quality of always behaving or performing in a similar way, or the quality of being logical and containing no contradictions.

Consensus

A general agreement among a group of people or in the literature on a particular issue or decision.