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Profit generated by corporations is known as ?

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User Marnix
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Answer: Net Income

Step-by-step explanation:

Net Income is the profit made by a company after it has finished paying off all expenses including taxes and interest payments on debt.

Calculating the net income is the main purpose of the Income statement which is where we will see the expenses that the business is incurring and how much sales they are making to get such profits. This net income is then transferred to the Retained Earnings in the balance sheet.

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User Matthew Olenik
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