The Last Line of an Income Statement Shows a Business's

question 7

Multiple Choice

The last line of an income statement shows a business's ________.

• A) Net profit or net loss
• B) Gross profit or gross loss
• C) Profit or loss
• D) Taxes
• E) Fixed costs

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Definitions:

Salivate

The production and release of saliva from the salivary glands in the mouth, often in response to the sight, smell, or taste of food.

Conditioned

The process by which an organism learns to associate two stimuli, leading to changes in behavior.

Shaping

A method of training by which successive approximations toward a desired behavior are reinforced.

Desired Response

The preferred or intended outcome of a particular behavior or action.