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Net income:- Discuss 1. What does net income represent? Don't just give a definition. What does net income really tell us? 2. Why should we

Net income:- Discuss image text in transcribed
1. What does net income represent? Don't just give a definition. What does net income really tell us? 2. Why should we be careful in using the net income figure as reported in the income statement? 3. What kinds of adjustments might one need to make to net income to make it more useful for decision making

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