Examlex
Which of the following is true?
Net Income
The final earnings of a corporation once all costs, taxes, and expenses are subtracted from gross revenue.
Retained Earnings
Retained Earnings are the portion of a company's profits that are not distributed as dividends to shareholders but are instead reinvested in the business.
Loss Accounts
Financial accounts within a company's books that represent expenses exceeding incomes, leading to a net loss.
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