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.
Answer: B
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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.
Answer: B
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