Question

When a company’s revenue exceeds its expenses, this may be reflected on the income statement as

Answer 1

Net Income

Step-by-step explanation:

Income statement is the one of the financial statement which presents the business performance for a specific or a particular period or year. So, when the revenue exceeds the expenses of the company, then it will represent the Net Income (which is reflected on the income statement).

This is shown in equation as:

Revenue - Expenses = Net Income