Accounting

The pcome statement line gross profit will appear on

which income statement format ?

• Single-step

• Multiple-step

Which income statement format segregates the operating

reventies and expenses from the non-operating revenues

and expenses ?

• Multiple-step

• Single-step

Net Sales minus the Cost of Goods Sold is ?

• Income From Operations

• Net Income

• Goss Profit

Gross Frofit minus Operating Expenses is best defined as ?

• Net Income

• Net Sales

• Operating Income

Answer The following quesrivn rvue or false:

The table in front of you expresses The income statement in one step ?

• true

• false

Answer the following question:

find the sales value ?

• 52,300

• 28,400

Answer the following question:

find the Beginning Inventory value ?

• 23,00

• 26,00

Answer the following question:

find the Ending Inventory value ?

• 49,600

• 50,100

Answer The following question:

find the Income from operations value ?

• 31,800

• 31,700

Answer The following question :

Find the cost of purchases value ?

• 30,600

• 29,700