Net income in accounting is an entity's income minus expenses for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.
Net income is a distinct accounting concept from profit. Profit is a term that "means different things to different people", and different line items in a financial statement may carry the term "profit", such as gross profit and profit before tax. In contrast, net income is a precisely defined term in accounting.
Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).
Coordinates: 40°43′44″N 73°59′43″W / 40.729007°N 73.995162°W / 40.729007; -73.995162
The Bottom Line was a music venue at 15 West Fourth Street between Mercer Street and Greene Street in the Greenwich Village neighborhood of Manhattan, New York City. During 1970s and 1980s the club was a major space for small-scale popular music performances.
Owned by Allan Pepper and Stanley Snadowsky, the Bottom Line opened on February 12, 1974 and enjoyed a successful three-decade run, presenting major musical acts and premiering new talent. Bruce Springsteen played showcase gigs at the club and Lou Reed recorded the album Live: Take No Prisoners there. Harry Chapin held his 2000th concert at the Bottom Line in January 1981.
The Bottom Line hosted an extremely wide variety of music and musicians. Among the thousands who performed on its stage were Asım Can Gündüz, Linda Ronstadt, Van Morrison, Neil Young, Loudon Wainwright III, The New York Dolls, Lyle Lovett, The Electric Flag, Pat Martino, Todd Rundgren, Graham Parker, Horslips, Dire Straits, Chris Hillman, Dolly Parton, Tracy Nelson, Emmylou Harris, The Pointer Sisters, Betty Carter, Ravi Shankar, Prince, Ramones, Miles Davis, Bill Evans, Charles Mingus, Mose Allison, Muddy Waters, Mike Bloomfield, Paul Butterfield, Ray Barretto, Peter Gabriel, Al Kooper, Tom Waits, Melvin van Peebles, Barry Manilow, Neil Sedaka, Billy Joel, Patti Smith, Flo and Eddie, Hall & Oates, Toots and the Maytals, Cheech and Chong, Tower of Power, Tim Hardin, Roger McGuinn, JJ Cale, The Meters, Greg Kihn Band, Ry Cooder, Southside Johnny and the Asbury Jukes, Sam and Dave and The Ronettes.
Celph Titled (born Vic Mercer) is an American hip hop solo artist, record producer and member of the hip hop supergroup Army of the Pharaohs, as well as the Demigodz Crew.
Celph Titled was born in Tampa, Florida to a Cuban-American mother and a German-Scottish father. He began creating hip hop music in the early 1990's when he was seventeen years old. Celph Titled was born in Tampa, FL and grew up in the heart of Hillsborough County's rapidly expanding multicultural landscape. The product of an Ybor City Cuban-American mother and a German-Scottish father, Celph's folks always encouraged his knack for creative expression. In the 80's, young parents that videotaped all the classic videos on MTV and an uncle in a popular local rock band had a big impact on the scope of Celph's musical inspirations. "My dad used to show me all the classic videos; 'Thriller', 'Owner of a Lonely Heart' and everything else from Herbie Hancock to ZZ Top, so I was always glued to MTV. Then one day I saw a Fat Boys video it was over. I knew I loved this music," Celph recalls fondly. After penning some of his own lyrics and making beats with minimal equipment, he began recording demos in the early 90's on his uncle's 4-track machine. When asked to describe that particular time in his life, Celph states, "I knew from that point on that I wanted to be a recording artist and I never stopped chasing that goal. I was quite the mischievous kid but it soon became clear that hip hop was my calling."
Bruce Frederick Joseph Springsteen (born September 23, 1949), nicknamed "The Boss," is an American singer-songwriter-performer who records and tours with the E Street Band. Springsteen is widely known for his brand of heartland rock, poetic lyrics, and Americana sentiments centered on his native New Jersey.
Springsteen's recordings have included both commercially accessible rock albums and more somber folk-oriented works. His most successful studio albums, Born in the U.S.A. and Born to Run, showcase a talent for finding grandeur in the struggles of daily American life; he has sold more than 65 million albums in the United States and more than 120 million worldwide and he has earned numerous awards for his work, including 21 Grammy Awards, two Golden Globes and an Academy Award. He is widely regarded by many as one of the most influential songwriters of the 20th century, and in 2004, Rolling Stone ranked him as the 23rd Greatest Artist of all time.
Springsteen was born in Long Branch, New Jersey, and spent his childhood and high school years in Freehold Borough. He lived on South Street in Freehold Borough and attended Freehold Borough High School. His father, Douglas Frederick Springsteen, was of Dutch and Irish ancestry and worked, among other vocations, as a bus driver, although he was frequently unemployed; his surname is Dutch for jump stone. His mother, Adele Ann (née Zerilli), was a legal secretary and was of Italian ancestry. His maternal grandfather was born in Vico Equense, a city near Naples. He has two younger sisters, Virginia and Pamela. Pamela had a brief film career, but left acting to pursue still photography full time; she took photos for the Human Touch and Lucky Town albums.
Julie Cox (born on 24 April 1973 in Ely, England, United Kingdom[dubious – discuss]) is an English actress perhaps best known for her role as Princess Irulan in the Sci Fi Channel's 2000 Dune miniseries and its 2003 follow-up, Children of Dune.
She was born to a father who worked as an engineer in the oil business, and a mother of Irish and Scottish ancestry who died when she was a child.
In 2007, Cox was the female lead in The Riddle alongside Vinnie Jones, Sir Derek Jacobi, and Vanessa Redgrave. Cox starred in The Oxford Murders (2008) with Elijah Wood and John Hurt and in Second in Command (2006) with Jean-Claude Van Damme. In 1999, she appeared as Giulietta in the film adaptation of Alegría. One of her earliest roles was the Childlike Empress in the 1994 film The NeverEnding Story III. Also Cox played the character Sophie Aronnax in a remake of "20,000 Leagues under the Sea" in 1997.
Julie Cox is the latest companion of the Eighth Doctor in the Big Finish Productions of Doctor Who audio dramas portraying a young Mary Shelley.