Indicate Which One of the Following Would not Appear on Both

question 154

Multiple Choice

Indicate which one of the following would not appear on both a single-step income statement and a multiple-step income statement.

• A)Gross profit
• B)Operating expenses
• C)Sales revenue
• D)Cost of goods sold

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Definitions:

Resiliency

The capacity to recover quickly from difficulties or adapt to change.

Serious Trouble

Situations that pose significant danger or difficulty, requiring urgent attention and resolution.

Natural Power

Refers to the inherent abilities or forces within nature that can be harnessed for various uses, such as wind, solar, and hydro power.

Ecological Terms

Vocabulary or language pertaining to ecology, the branch of biology that deals with the relationships between living organisms and their environment.