Which of the following statements concerning net income

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Reference no: EM13298197

Which of the following statements concerning net income is most correct?

a- negative net income reduces a companys cash balance
b- net income represents sales minus operating expenses at a specific point in time
c- net income represents cash available to pay dividends
d- net income represents income that may be reinvested in the firm or distributed to its owners

Reference no: EM13298197

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