Which of the Following Statements Is Correct

question 18

Multiple Choice

Which of the following statements is correct?

• A) The term single-step income statement is sometimes used to describe a classified income statement.
• B) If a business is to earn a net income,the gross profit on sales must be greater than operating expenses.
• C) Salaries of office employees would be grouped with the selling expenses in the Operating Expenses section of the income statement.
• D) Sales less Operating Expenses equals Gross Profit.

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Definitions:

Transversus Abdominis

A major muscle of the abdominal wall that helps to compress abdominal contents, contributing to core stability and posture.

Rectus Abdominis

A long muscle of the abdomen that assists in respiratory movements and stabilizes the core.

Internal Abdominal Oblique

A muscle located within the abdominal wall, acting to support the abdominal contents and aiding in movements such as twisting.

Erector Spinae

A group of muscles that run vertically along the spine and are responsible for extending, laterally flexing, and rotating the vertebral column.