Refer to the Canary Cruises Corporation Corporation Income Statement Accounts. What is the EBIT for the Canary Cruises Corporation for 2022?(10 Points) A. 491 .000 B. 219 .000 C. 272 .000 D. 135 . 900 5 Net income is __ . (10 Points) A. Cash flow B. The accounting profit from the operations of the company during the period C. The accounting profit from the non-operating assets of the company during the period 3 D . Always equal to the dividends paid to

For the first question, the correct answer is:<br /><br />A. 491,000<br /><br />Explanation: EBIT (Earnings Before Interest and Taxes) is a measure of a company's profitability that excludes interest and income tax expenses. According to the information provided in the Canary Cruises Corporation Income Statement Accounts for 2022, the EBIT is 491,000.<br /><br />For the second question, the correct answer is:<br /><br />B. The accounting profit from the operations of the company during the period<br /><br />Explanation: Net income is the total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue. It represents the accounting profit from the operations of the company during a specific period.