- published: 15 Oct 2015
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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.
Landy Wen (simplified Chinese: 温岚; traditional Chinese: 溫嵐; pinyin: Wēn Lán; Pe̍h-ōe-jī: Un Lâm; born 16 July 1979) is a Taiwanese singer.
A member of the Atayal ethnic group, she is one of the few Taiwanese aborigines to become a musical star.[citation needed]
In 2010, she was proposed to star in a TV drama based on the Bret Easton Ellis novel Less Than Zero, to be set in Taipei.[citation needed]