When a company's revenue exceeds its expenses, this may be reflected on the income statement as

Question

Edwin Carrillo

Business

3 April, 23:03

When a company's revenue exceeds its expenses, this may be reflected on the income statement as

+1

Answers (1)

Know the Answer?

Jeramiah Mckenzie · Answer 1

Net Income

Explanation:

Income statement is the one of the financial statement which presents the business performance for a specific or a particular period or year. So, when the revenue exceeds the expenses of the company, then it will represent the Net Income (which is reflected on the income statement).

This is shown in equation as:

Revenue - Expenses = Net Income