Net Loss & Income

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» Net Loss & Income

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Jun 10, 2008, 07:09 PM

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Semme is offline

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Net Loss & Income

should income be added to net loss

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Jun 10, 2008, 10:23 PM	#2

morgaine300 Accounting Expert Join Date: Feb 2008 Posts: 1,397	If you have a net loss, you don't have any net income to add to it. Distinguish between gross revenue and net income/loss. Revenues less expenses = net income or net loss. Once you're to the net income/loss, you're done. There's nothing else to be done.

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