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What is the definition of net income? Net income is the amount of profit a firm earns before paying its long - term creditors or

What is the definition of net income?

Net income is the amount of profit a firm earns before paying its long

-

term creditors or its shareholders.

Net income is the amount of income a firm earns prior to taxes.

Net income is the amount of income reinvested in the firm.

Net income is the aftertax profit or loss earned over a specified period of time.

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