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28 August, 22:39

What is the difference between gross earnings and net earnings? Use in your own words.

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  1. 29 August, 00:48
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    The main flaw in the use of gross and net income for a business is that the gross income figure is more likely to be closely related to the results of operations, while net income can include a variety of non-operational expenses, gains, and/or losses. Thus, the two calculations are based on different sets of information, and are used in different types of analysis.
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