Which One of the Following Is Shown on a Multiple-Step

question 125

Multiple Choice

Which one of the following is shown on a multiple-step but not on a single-step income statement?

• A) Net sales
• B) Net income
• C) Gross profit
• D) Cost of goods sold

---

Definitions:

Operate

To control the functioning of; manage or run.

Small Business

An independently owned and operated company that is limited in size and in revenue depending on the industry.