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Income from operation is only the income from basic business activity of buisness while net income is the overall income from basic operations as well as income from other activities.
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Is net earnings the same as net income?
Yes, they are the same thing. Net earnings is just another word for net income.
Is net profit the same as net income?
Net profit is not the same as net income. There are many things that can be deducted on a tax return form from net profit that reduce net profit down to net income.
Is net sales the same as net income?
Export benefit needs to be added in the net income
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
Is a firms comprehensive income always the same as its net income?
Is comprehensive income both greater than or less than net income or just either one
Is net income the same as net profit?
Yes. Net income is generally calculated the same way on net profit.
Is net earnings the same as net income?
Yes, they are the same thing. Net earnings is just another word for net income.
Is net profit the same as net income?
Net profit is not the same as net income. There are many things that can be deducted on a tax return form from net profit that reduce net profit down to net income.
Can cash flow from operation be positive if net income is negative?
Yes, cash flow can be positive while net income is negative.
Is net sales the same as net income?
Export benefit needs to be added in the net income
Is net income the same as net earnings?
Yes, net income and net earnings is a businesses income minus the cost of goods sold, expenses, and taxes. These terms mean the exact same thing.
Is net sales and and net income the same thing?
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
Is a firms comprehensive income always the same as its net income?
Is comprehensive income both greater than or less than net income or just either one
Is 40 percent gross income same with 40 percent net income?
No.
Do you pay tax on your gross income or net income?
You pay tax on your adjusted gross income. This is not quite the same thing as gross income, but it's definitely not net either.
Which financial statement shows net income?
Net income is calculated in income statement as well as net income is also shown in balance sheet liabilities side under equity section as well this is the same amount which is calculated in income statement.
Are revenues the same as net income?
Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
