In 2008, Apple Inc. reported a net income of approximately $4.83 billion. This figure represented a significant increase compared to previous years, driven by strong sales of products like the iPhone and Mac computers. The company's revenue for the fiscal year was around $32.48 billion.
Trading account statement does not report net of income taxes or net of income.
when net income is zero
Net Income = Sales - ExpensesSo as many expanses net income will be lower.
If there is a net income, debit Income Summary. If there is a net loss, then credit it.
Cash dividend paid has nothing to deal with net income as net income is calculated first and after that it is distributed. If cash dividend is received then it is included in net income calculations and increases the net income.
For the year 2009 Apple had a net income (profit) of $8.24 billion.
The company posted revenue of $6.22 billion and net quaterly of $904
According to Scotiabank's 2009 annual report, the organization had net income of approximately $3,547,000,000 in 2009, a 13.0% increase over 2008 net income of $3,140,000,000.
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Net income percentage = Net income / Revenue
Trading account statement does not report net of income taxes or net of income.
Net income percentage = Net income / Revenue
net income is gross income less expenses
Formula for net income is as follows: Net income = sales - expenses net income = 45000 - 25000 net income = 20000
when net income is zero
Net Income = Sales - ExpensesSo as many expanses net income will be lower.
If there is a net income, debit Income Summary. If there is a net loss, then credit it.