alexismcclary8584 alexismcclary8584
  • 25-02-2020
  • Business
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The excess of revenue over the expenses incurred in earning the revenue is called capital. True False

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BenitoMarin BenitoMarin
  • 25-02-2020

Answer:

The statement is: False.

Explanation:

Net Income is the result of subtracting a company's expenses in generating income from the total revenue and deducting taxes from that figure. The net income may be distributed as a dividend among common stock shareholders or retained by the company. Instead, capital refers to financial resources such as equity, debt, trading, and working capital.

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