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Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

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Some research was done on what the median income of various caucus's of the congress is. Cenk Uygur reports the numbers and breaks down which caucus has the highest median net worth. Source: www.opensecrets.org Subscribe to The Young Turks: bit.ly Download the politics or entertainment hour of this TYT episode: goo.gl Find out how to watch The Young Turks on Current by clicking here: www.current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
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The bottom line on UK government spending - Globe and Mail Tweet this news
Globe and Mail--Tales of shocking government waste are entertaining Britons. A tycoon retailer, Sir Philip Green, has just published his report on UK government procurement ... - Date : Tue, 12 Oct 2010 11:00:56 GMT+00:00
Muni Ridership Down 4%, But Bottom Line Is Fine - SFist Tweet this news
SFist--The SF MTA reports that for the fiscal year that ended June 30, Muni ridership decreased by 10 million riders last year, a total of 4.4%. ... - Date : Mon, 11 Oct 2010 16:46:37 GMT+00:00
THE BOTTOM LINE: Don't sacrifice the present for the future - Sandusky Register Tweet this news
Sandusky Register--Stop for a minute. Take a deep breath. Clear your mind and ask yourself these two questions: "When was the last time I truly lived 'in the moment? ... - Date : Tue, 12 Oct 2010 11:39:37 GMT+00:00
THE BOTTOM LINE COLUMN: Pick n Pay's Australian asset sale hits trouble - Business Day Tweet this news
Business Day---...- will be affected by the accounting change and put together a plan that meets the adoption timeline. - Dave Marrs edits The -Bottom Line-. (marrsd@bdfm.co.za)--- - Date : Tue, 12 Oct 2010 05:12:54 GMT+00:00
New Proficy Accelerator for Packaging Line OEE Ensures Better Bottom Line in ... - Ferret Tweet this news
Ferret--by GE Intelligent Platforms The new Proficy Accelerator for Packaging Line OEE is the latest in a line of Proficy Accelerator software solutions from GE ... - Date : Tue, 12 Oct 2010 14:03:39 GMT+00:00



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