A Multiple-Step Income Statement Reports Different Types of Income That

question 158

Multiple Choice

A multiple-step income statement reports different types of income that include:

• A)sales revenue and service revenue.
• B)income tax expense,utilities expense,rent expense.
• C)gross profit,operating income and net income.
• D)cost of goods sold and operating expenses.

---

Definitions:

Psychological Factors

Elements that influence an individual's mental state and behavior, including emotions, attitudes, and thoughts.

Stress

The body's response to any demand or challenge, which can be triggered by physical, mental, or emotional factors.

Frustration

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Conflicts

Situations in which incompatible goals, attitudes, emotions, or behaviors lead to disagreement or opposition between individuals or groups.