Which of the Following Items Appears at the Top of an Income

question 89

Multiple Choice

Which of the following items appears at the top of an income statement when determining the net income of a firm?

• A)Earnings before tax
• B)Operating costs
• C)Net sales
• D)Gross profit
• E)Retained earnings

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Definitions:

Substitute Resources

Resources or goods that can replace each other in use, providing alternatives for consumers or producers when prices rise or supply diminishes.

Productivity

The measure of efficiency in converting inputs into useful outputs.

Assembly Line Worker

An individual who participates in a manufacturing process wherein each worker repeats one specific task to contribute to the production of a final product.

Rivets Per Minute

Measure of the speed at which riveting operations are performed, typically in manufacturing or construction settings.