Which of the Following Is not a True Statement About

question 39

Multiple Choice

Which of the following is not a true statement about a multiple-step income statement?

• A)Operating expenses do not include income tax expense.
• B)There may be a section for non-operating activities.
• C)There may be a section for operating assets.
• D)There is a section for cost of goods sold.

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Definitions:

Hypothetical Proposition

A hypothetical proposition is a conditional statement proposing a possible scenario and its outcome, often structured in an if-then format.

Antecedent

The first part of a conditional statement, the "if" portion, which if true leads to the consequence.

Disjunctive Premise

A premise in a logical argument that presents two or more alternatives, but only one needs to be true to support the conclusion.

Conclusion

The end or finish of an argument or process, in logic specifically, it is the statement that logically follows from the premises.