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Net income is found at the bottom of a company's income statement and income statements ... it offers insight into whether a company's business may succeed or fail. Net income also provides ...

However, since it is not from the ongoing operations of the company's normal line of business, it is not appropriate to include it in the traditional income statements. Comprehensive income ...

Prepaid expenses aren’t included in the income statement per generally accepted ... or qualifying for business deductions. What’s the Difference Between Prepaid Expenses and Deferred Expenses?