Net Income

In business, Net income also referred to as the bottom line, net profit, or net earnings is an entity's income minus expenses for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.

Net income is a distinct accounting concept from profit. Profit is a term that "means different things to different people", and different line items in a financial statement may carry the term "profit", such as gross profit and profit before tax. In contrast, net income is a precisely defined term in accounting.

Read more about Net IncomeOverview, An Equation For Net Income

Other articles related to "income, net income, net":

Comprehensive Income (accounting)
... Comprehensive income is defined by the U.S ... those resulting from investments by owners and distributions to owners.” Comprehensive income is the sum of net income and other items that must bypass the income statement because they ... These items are not part of net income, yet are important enough to be included in comprehensive income, giving the user a bigger, more comprehensive picture of the organization as a whole ...
Bottomline
... In business, Net income also referred to as the bottom line, net profit, or net earnings is an entity's income minus expenses for an accounting period ... and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations ... In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss ...
An Equation For Net Income
... Net sales (revenue) – Cost of goods sold = Gross profit – SG A expenses (combined costs of operating the company) = EBITDA – Depreciation amortization = EBIT ...
Supplemental Nutrition Assistance Program - Impact - Housing Expenditure
... is generally considered affordable when it costs 30% or less of total household income rising housing costs have made this ideal difficult to attain ... especially true in New York City, where 28% of rent stabilized tenants spend more than half their income on rent ... Among lower income families the percentage is much higher ...
Durham Performing Arts Center - Costs and History
... the theater has far exceeded projections for attendance, activity, gross revenue, net income after operating expenses ... Both the City's 40% share of theater net income and income to the City from ticket facility fee surcharges have far exceeded projections ... At more than $1.2 million, the City's 40% share of theater net income in fiscal year 2009-2010 was over five times more than originally projected ...

Famous quotes containing the words income and/or net:

    You boast of spending a tenth part of your income in charity; maybe you should spend the nine tenths so, and done with it.
    Henry David Thoreau (1817–1862)

    Even in harmonious families there is this double life: the group life, which is the one we can observe in our neighbour’s household, and, underneath, another—secret and passionate and intense—which is the real life that stamps the faces and gives character to the voices of our friends. Always in his mind each member of these social units is escaping, running away, trying to break the net which circumstances and his own affections have woven about him.
    Willa Cather (1873–1947)