Understand net income: its definition, calculation method, and its critical role in business decisions and tax reporting.

The net payoff is the profit or loss from the sale of an item after the costs of selling it and any accounting losses have been subtracted.

Net income is a useful and essential profitability metric, but it’s not the only one. For example, it does not represent the amount of cash a company generates.

Investors use free cash flow to help assess a company's performance and what lies ahead. Issues in free cash flow often ...