Onthe income statement, net income (profits) tell you:

A)

The difference between how much a company owns and how much it spend during a given period.

B)

The difference between how much cash a company received and how much cash it paid out during a period of time.

C)

The difference between how much a company owns and how much it owes.

D)

The difference between how much a company recorded as revenues and expenses during a given period.