Which One of the Following Subtotals or Totals Would Appear

question 141

Multiple Choice

Which one of the following subtotals or totals would appear in a multiple-step,but not a single-step,income statement?

• A)Income tax expense
• B)Income from operations
• C)Cost of goods sold
• D)Net income

---

Definitions:

Customer Loyalty

The dedication of customers to continue buying products or services from a particular brand, often influenced by positive experiences and satisfaction.

E-Mail Marketing

A digital marketing strategy of sending commercial messages to a group of people using email to promote products or services.

Telemarketing

A method of direct marketing where salespeople use telephone calls to reach out to potential customers, promote products, or conduct sales.

Online Marketing

The practice of leveraging web-based channels to spread a message about a company's brand, products, or services to its potential customers.