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Optional Information: lufkin, TexasAlready Tried: what is net income a result in?
Net Income is defined as Revenue minus Expenses. It shows whether or not the company made a profit for a period of time. If Revenue is larger than Expenses, a profit was made. If Expenses are greater than Revenue, the company suffered a loss for that period of time. Changes need to be made to make more Revenue or have less Expenses. Most of the time, when a company continues to suffer losses, they must close down because they won't be able to pay their bills as they come due.