Why is the bottom line figure, net income, not necessarily a good indicator of a firm's financial

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Why is the bottom line figure, net income, not necessarily a good indicator of a firm's financial success?

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Understanding financial statements

ISBN: 978-0136086246

9th Edition

Authors: Lyn M. Fraser, Aileen Ormiston

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Question Posted: Jun 12, 2012 12:23 AM

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Why is the bottom line figure, net income, not necessarily a good indicator of a firm's financial

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The net income figure is based on accounting choices an...View the full answer

Understanding financial statements

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