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What does net income mean on the income statement

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After your course, you will be able to understand and evaluate financial statements. One of the ways we achieve that is through a series of discussion boards where we ask you to provide accounting explanations to your friend who is running her own business. You may go to sources beyond the currently covered chapter to develop your answers. Please provide your comments as an initial post and then comment to at least two other students about their post. Anne Marie is the owner of Anne's Beauty Salon, Inc. Her accountant has prepared financial statements for the year 20XX 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:

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

Reference no: EM132887443

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