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I learned on income statement in accrual accounting, revenues plus gains less expenses and losses is reported as net income( or net earnings) if positive, or net loss if the amount is negative. I'm not sure if I have ever seen account title like "net revenue" before, though it seems similar to "net income". Are they interchangeable in financial reporting? Or maybe I haven't fully learned enough to distinguish consolidated statements of earnings and income statement.
Your response would be appreciated.
Your response would be appreciated.
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