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What is net earnings?
after everybody takes their share what little is left is the net earnings
Is net earnings the same as net income?
Yes, they are the same thing. Net earnings is just another word for net income.
Are actual earnings the same as net earnings?
yes
Cumulative earnings over three years?
Earnings = Net Income. Cumulative Earnings over three years is the net income of each year added together. Year 1 Net Income Year 2 Net Income + Year 3 Net Income = Cumulative Earnings
What is Kohl's annual earnings and its net worth in dollars?
What is Kohl's annual earnings and its net worth in dollars?
How is retained earnings calculated?
1. If dividend paid: Retained Earnings = Net profit - dividend if dividend not paid: Retained earnings = Net profit
What is the bottom line of an organization?
A bottom line is a company's net earnings, net income, or earnings per share.
Is retained earnings an asset?
No, retained earnings comes after Net Income on the Income Statement. The retained earnings is less than the Net Income if a dividend is paid out.
Does net income for the period equal retained earnings for the same period?
If company has the policy to not distribute profit as a dividend then retained earnings will be equal to net income otherwise dividend and retained earnings will be equal to net income.
Will a net income of 95000 increase or decrease retained earnings?
Since increases in retained earnings mostly come from income accumulation, a net income of $95,000 will increase retained earnings.
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.
Why Auditors prefer to use before tax net earnings instead of after tax net earnings?
Most auditors prefer to use before-tax net earnings instead of after-tax net earnings when calculating materiality based on income statement chiefly because it eliminates the impact of external influences (ie. Changes in tax laws, changes in the tax rates etc.) that could have a significant impact on a company`s net earnings and subsequently the net income materiality base.
