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  • Accounting Fall Semester Online Test
  • When total revenue is greater than total expenses
Multiple choice

When total revenue is greater than total expenses

  1. net income

  2. net revenue

  3. net loss

  4. gross pay

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Net income occurs when the total revenue generated by a business exceeds the total expenses incurred during a specific period.

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