Q193
The key item for investors on the income statement is______________.
A.
sales
B.
gross profit
C.
operating expenses
D.
after-tax net income
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The key item for investors on the income statement is after-tax net income. Net income after taxes (NIAT) is simply the net income of a business less all taxes. It is the sum of all revenues minus all expenses, including cost of goods sold, depreciation, interest, and taxes.