income statement reports

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An income available for shareholders after deducting expenses and taxes from revenues is classified as

An income available for shareholders after deducting expenses and taxes from revenues is classified as
  • A. net income
  • B. net earnings
  • C. net expenses
  • D. net revenues
  • Correct Answer: Option A

Value of net income is $124,500,000 and common shares outstanding are 60,000,000 then earning per share will be

Value of net income is $124,500,000 and common shares outstanding are 60,000,000 then earning per share will be
  • A. $2.75
  • B. $0.48
  • C. $2.08
  • D. $2.80
  • Correct Answer: Option C