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View Full Version : How to compute net income for current year


erinw1983
Jan 14, 2010, 12:27 PM
If given the changes in the accounts for the year like, cash, a/p, inventory, etc how do u compute the net income from this information?

morgaine300
Jan 14, 2010, 06:26 PM
Net income is revenues less expenses, so changes in the accounts you names can't determine it.