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Semme
Jun 10, 2008, 07:09 PM
should income be added to net loss

morgaine300
Jun 10, 2008, 10:23 PM
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.