Fill in the Blank QuestionFill in the blank question. income after taxes is the last line on the income statement.

The blank in your question can be filled with "Net Income."

Explanation

Net income is indeed the last line of the income statement and represents the profit a company has earned after all expenses, taxes, and costs of doing business have been subtracted from total revenue. This figure is crucial as it provides insights into the company's profitability and overall financial health. It reflects how much money is left for the company after it has paid all its operating expenses, interest, and taxes. Investors, stakeholders, and management closely watch net income as it serves as a primary indicator of the company's performance and profitability over a specific period. Thus, the complete statement would read: "Net income after taxes is the last line on the income statement."