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.