Which of the Following Items Is Not Shown on a Single-Step

question 114

Multiple Choice

Which of the following items is not shown on a single-step income statement?

• A)Cost of goods sold.
• B)Interest expense.
• C)Selling expenses.
• D)Gross margin.

---

Definitions:

Presentation Anxiety

Nervousness or fear felt by individuals when required to speak or perform in front of an audience, often leading to symptoms like sweating, trembling, or difficulty speaking.

Effective Delivery

Executing a task, presentation, or performance in a manner that successfully achieves its intended purpose or objectives.

Onscreen Journal

An electronic or digital journal displayed on a computer screen, used for recording accounting transactions.

Adjusting Entries

Journal entries used to adjust account balances in order to reflect more accurate financial information at the end of an accounting period.