What does net income mean on the income statement

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Anne Marie is the owner of Anne's Beauty Salon, Inc. Her accountant prepares a monthly financial statement for her business. She doesn't like to ask him questions about it. She would rather ask you as you are her friend and since she knows that you are taking an accounting course, she asks you the following questions:

Problem 1: What does net income mean on the income statement?

Reference no: EM132684584

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