Q54
Net income equal to Revenues minus
A.
Gains
B.
Depreciation
C.
Expenses
AnswerD.
Capital expenditure
Answer: Option C
Solution
Answer: Option C
Solution:
Net income equal to Revenues minus Expenses. Revenue is the income generated before any expenses are taken out. Therefore, when a company is said to have "top-line growth," the company's revenue is growing. Revenue is also called net sales which is revenue minus any returns of purchased merchandise.