In business, net income (net earnings, net profit, and informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting
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Old Guy on May 19, 2011 Reply. Cash Basis: Revenue 100,000 Expenses (70,000) Net Income 30,000. Accrual Basis: Revenue 100,000-25,000+40,000=115,000 Expenses …
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In business, net income (net earnings, net profit, and informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting
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Old Guy on May 19, 2011 Reply. Cash Basis: Revenue 100,000 Expenses (70,000) Net Income 30,000. Accrual Basis: Revenue 100,000-25,000+40,000=115,000 Expenses …
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