Which of the following statements concerning net income is MOST correc
Which of the following statements concerning net income is MOST correct?
A) Net income represents income that may be reinvested in the firm or distributed to its owners.
B) Net income represents sales minus operating expenses at a specific point in time.
C) Negative net income reduces a company’s cash balance.
D) Net income represents cash available to pay dividends.
ANSWER
A
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