what is stated at the core of the income statement? revenue minus expenses equals net income retained…
what is stated at the core of the income statement? revenue minus expenses equals net income retained earnings divided by dividends equals profit dividends multiplied by expenses equals earnings
Answer
Brief Explanations:
The income statement's core is the calculation of net income. Net income is determined by subtracting total expenses from total revenue. The other options are incorrect. Retained earnings divided by dividends is not a core income - statement formula. Dividends multiplied by expenses has no relevance to the income - statement's core calculation.
Answer:
revenue minus expenses equals net income