Question

Net income is a mag always the dividends paid shareholders the accounting profit from the operations of the company during the period cash flow the accounting profit from the non-operating assets of the company during the period

Answer 1

Answer I Net Income is (b) the accounting pofit Company during the from the Operations of the period Net income is alwe known as the profit that the company learned dexing the period. Net inome is the financie) result of de organisation cryivel by deducting all the expenies from the revenues of the organisation_It is the operating profil carned from the operations of the organisation. Net Income is added to the retrized earnings section ft the organisation Letyleel Earnings is shown in stockholder Equity I section of the balance sheet. - Net Income is the profit from the day to day conduct of the business, All the expenses are reduced from sales to I record the net income Net Income :_Revenue - Expenses.

Stockholdex?s_Equity Stockholder's Equity_cosists_ofpublin - capital in the form of pretened stock cummont_stock, excess capital in excess of__par, sale of treasury stach, retained earnings deducting treasury stock It is the capital of stockholders that what they have invested in the buriness of Company amt. (5) Speciglity_Auto Racing Inc Stodsholder's Equity_on the date of July 3/ Partialgus Amt. t) amt Paid - 10- Capital Preferred 4% Stock & 50 par 1020000 s50000 shares qythorize of which 20400 shares issued Excess of Pay - Preferred stuch 161200 1081200 360000 Common Stock, $ 10 per (200000 shomes qythorized of which_36000 issued) Excess of pay common stock 108000 468000 27100 from sale of Treasury Stock-(904 Total Paid - in- Capital 1576302 1923,00 Relain ed Eqrologs 3499400 (39500) Treasury_stak.com meg soo shares) 3460300 Toky) Stockhobler's Equity