The List Below Contains Several Items That Appear on a Multiple-Step

question 9

Multiple Choice

The list below contains several items that appear on a multiple-step income statement.
1.other income and expense
2.income before income taxes
3.net income
4.operating expenses
5.gross margin
6.net sales
7.income from operations
Select the choice that lists the items in the order they would appear on a multiple-step income statement.

• A)6, 5, 4, 7, 1, 2, 3
• B)7, 6, 1, 4, 2, 3, 5
• C)6, 5, 4, 1, 7, 2, 3
• D)6, 7, 4, 1, 2, 3, 5

---

Definitions:

Parallel Play

A stage of early childhood development where children play adjacent to each other but do not interact or share toys, indicating emerging social skills.

Aggressive Behavior

Actions or responses that are intended to harm or intimidate others.

Inductive Reasoning

A reasoning technique by which numerous claims, regarded as true or typically established as true, are synthesized to deduce a specific outcome.

Reactive Aggression

An impulsive retaliation for another person’s intentional or accidental hurtful action.