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The income statement begins with revenue and subtracts various operating expenses until arriving at Earnings Before Interest and Taxes.​ Next, interest expense is subtracted to find the taxable income for the period. Then the appropriate taxes are calculated and subtracted. We finally arrive at the​ ________ , the sominuscalled bottom line of the income statement.

Respuesta :

Answer:

Net Income

Explanation:

After deducting the interest and taxes from the Earnings before interest and taxes (EBIT) we arrive at the Net Income which is also referred as Profit After Tax. This is also referred as the bottom line of the income statement and is the amount that is available for distribution to shareholders. Hope this answer helps.

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