Which Item Would Be Listed First on the Income Statement

question 36

Multiple Choice

Which item would be listed first on the income statement?

• A) cost of goods sold
• B) revenue
• C) retained earnings
• D) net operating income

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Definitions:

Administrative

Pertaining to the organization, management, and execution of policies and tasks within an institution or organization.

Adaptive Leadership Theory

A leadership model that emphasizes the importance of leaders being able to adjust their strategies and behaviors in response to changing circumstances.

Adapt Style

The ability to modify one's behavior or approach to suit different situations or the needs of various individuals, particularly relevant in leadership and communication.

Followers Competence

The skills, knowledge, and abilities that followers bring to a group or organization, affecting its overall performance and success.