In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes 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 shareholders' 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. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes.
Definition
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).
Bottom line may refer to:
- WWE Bottom Line, a World Wrestling Entertainment syndicated television show whose name came from the aforementioned catchphrase
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 4th Street between Mercer Street and Greene Street in the Greenwich Village neighborhood of Manhattan, New York City. During the 1970s and 1980s the club was a major space for small-scale popular music performances.
History
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 Eric Clapton, Carl Perkins, Linda Ronstadt, The Police, Richard Marx, Prince, Daryl Hall & John Oates, Van Morrison, The Stone Poneys, Chuck Mangione, Emmylou Harris, Clinn Rippy, Neil Young, Barry Manilow, Laura Nyro, Loudon Wainwright III, New York Dolls, Lyle Lovett, The Electric Flag, Pat Martino, Todd Rundgren, Graham Parker, Grayson Hugh, Stan Ridgway, Horslips, Dire Straits, Chris Hillman, Hawkwind, Dolly Parton, George Jones, Tracy Nelson, The Pointer Sisters, Betty Carter, Ravi Shankar, Ramones, Miles Davis, Gato Barbieri, Bill Evans, Charles Mingus, Mose Allison, Muddy Waters, Mike Bloomfield, Paul Butterfield, Ray Barretto, Peter Gabriel, Al Kooper, Tom Waits, Melvin Van Peebles, Neil Sedaka, Billy Joel, Suzi Quatro, Patti Smith, Flo & Eddie, Toots and the Maytals, Cheech & Chong, Tower of Power, Tim Hardin, Roger McGuinn, JJ Cale, The Meters, Greg Kihn Band, Ry Cooder, Southside Johnny & The Asbury Jukes, Sam & Dave, Asım Can Gündüz, The Ronettes, John Cale, Gong, Peter Bardens, The Violent Femmes and Michael Hedges.
Bottom Line is a recording by British bluesman John Mayall with various musicians. Along with No More Interviews it is one of only two Mayall albums that has never been released on CD.
Track listing
Personnel
Podcasts:
Bottom Line
ALBUMS
- Eloquence released:
- In And Out Of Luck released:
- In and Out of Luck released:
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by Bottom Line
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by Kylesa
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by The 77s
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by Skyzoo
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Montell Jordan
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by Bottom Line
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by Eli Young Band
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Bottom Line
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by Whippersnapper
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by Martin Solveig
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by Bottom Line
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by Bottom Line
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by Swollen Members
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by Ratt
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by Diana Ross
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by Bryan O'quinn
Thirty Seconds
by: Bottom LineThirty seconds, because I can't take another minute.
Probably a call you'll want to take.
This time I'm asking you to stay.
You won't get far when I'm the villain here.
So think, if it's all up to me
Suppose we don't get out alive, (and ahh you know)
You taught me to think twice.
Seconds, because if I spend another minute,
One final hit below the waist.
Conceived, but misdirected,
Don't ask me, I won't bring it home,
I'll just throw away the key.
So when, it's all up to you
Nothing ever goes my way, (and ahh you know)
You taught me to be brave.
What keeps me here?
I'll never know (is always wrong).
These cruel intentions have lingered on
Seconds, a minute no, an hour
Makes another day you taught me to think twice.
Oh yeah, stand out
Beneath the crowd,
Rebel and re-tell,
Relieved of trivial charade,
Don't break
My own pretend mistakes.
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