Net income may be based on estimates. true or False
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Net income may be based on estimates.
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- What is net income ? 251+113 = 364 ??? İs true or notThe amount reported for comprehensive income Select one: is the same as net income. is less than net income. is greater than net income. can be greater than or less than net income.QUESTION 22 Which of the following is an incorrect statement? Revenue - Operating Income = Gross Margin Revenue = Price * Qty sold or TR = P*Q EAT = EBT - Taxes Income - Expenses = Operating Income Revenue - CGS = Gross Profit
- 1. What's the difference between Gross Earnings and Net Earnings?22 Operating profit margin is also known as ________________________. a. Earnings before tax b. Earning after interest and tax c. Profit before interest and tax d. Profit after interest and taxNet income is used in calculating one's net worth. TRUE FALSE
- Question 49: Profit margin is calculated as net income divided by revenue. Answer: A. TrueB. False(24) Which account would be reported on the income statement? A. Interest Expense B. Notes Payable C. Interest Payable D. Wages PayableQUESTION 24 Which of the following is an incorrect statement? Income - Expenses = Operating Incom Current Assets - Current Liabilities = Net Working Capital Net Profit = EBT - Taxes Operating Income - Interest PMT = Gross Profit Expenses = CGS + Operating Expenses
