Accounting:Where would you find net income

Where would you find net income?

Question options:

  • Balance sheet
  • Top of the income statement
  • Bottom of the income statement
  • In cash from operations
  • Bottom of the income statement and in cash from operations.
  • Bottom of the income statement and on the balance sheet under assets
  • Top of the income statement and on the balance sheet under owner equity

Solution:
Net Income found on the Income Statement and is the operating income less expenses and taxes.

Net income is also considered on the Cash Flow Statement under Operations.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License