The Income Statement ______

question 43

Multiple Choice

The income statement ______.

• A)subtracts the cost of goods sold from the total revenue to determine net income
• B)subtracts the operating expenses from the total revenue to determine net income
• C)subtracts the cost of goods sold and operating expenses from the total revenue to determine net income
• D)reports all income with no adjustment for cost of goods sold or operating expenses

---

Definitions:

Sudden Infant Death Syndrome

An unexplained fatal condition affecting infants less than a year old, characterized by the sudden death of an apparently healthy baby, typically during sleep.

Holophrases

Simple, single words used by infants that convey complete ideas or demands.

Language Development

The way young children acquire the ability to understand and speak language during their early development stages.

Universal

Refers to concepts, principles, or conditions that are globally applicable or common to all instances.