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Wayne Brasch
Wayne Brasch, Accountant and Business Consultant
Category: Finance
Satisfied Customers: 1298
Experience:  Master of Science in Taxation. Tax experience since 1963.
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What does net income results in?

Customer Question

what does net income results in?
Submitted: 10 years ago.
Category: Finance
Expert:  Wayne Brasch replied 10 years ago.
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.