Multiple Choice
After all expenses have been subtracted from revenues on an income statement, the final figure or bottom line is called the _____ when it is a positive number.
A) gross profit
B) net revenue
C) net profit
D) owners' equity
E) net sale
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q17: _ are independent accountants who serve organizations
Q18: International accounting standards:<br>A)make it easy for an
Q19: The last step in the accounting cycle
Q22: Accounting provides a framework for looking at:<br>A)past
Q23: Amounts owed to the firm by customers
Q24: Toys "R" Us was founded in 1948.The
Q26: Gross sales for Nevada Silver, a retailer
Q58: The ratio of total current assets to
Q105: What is the first step in the
Q123: _ earnings are the amounts left over