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Multiple-Step Income Statement
An income statement that shows multiple steps in determining net income, including gross profit, operating income, and other incomes and expenses.
Selling Expenses
Costs associated with the selling of a company's goods or services, not including the cost of producing the goods.
Nonoperating Items
Revenue and expenses arising from activities outside of a company's normal business operations, such as investing or financing activities.
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
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