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Company AAA has total revenue of $1,000,000 and total expenses of $800,000. Calculate its net income and discuss the significance of net income as a
Company AAA has total revenue of $1,000,000 and total expenses of $800,000. Calculate its net income and discuss the significance of net income as a measure of a company's profitability. Explain how net income is calculated by subtracting total expenses from total revenue and its importance in assessing a company's financial performance, growth prospects, and shareholder value creation.
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