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    kim nguyen's Avatar
    kim nguyen Posts: 14, Reputation: 1
    New Member
    		  
    #1

    Dec 4, 2008, 07:49 AM
    Principle of Accounting
    Net Income is the difference between?
    a. assets and liabilities;
    b. the incoming cash and outgoing cash
    c. the assets purchased with cash contributed by the owner;
    d. revenues minus expenses
    kim nguyen's Avatar
    kim nguyen Posts: 14, Reputation: 1
    New Member
    		  
    #2

    Dec 4, 2008, 07:52 AM

    Net Income is the difference between?
    a. assets and liabilities;
    b. the incoming cash and outgoing cash
    c. the assets purchased with cash contributed by the owner;
    d. revenues minus expenses
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Dec 5, 2008, 04:55 AM

    Net Income = Revenues - Expenses
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