In What Order Do the Following Items Appear in a Company's

question 32

Multiple Choice

In what order do the following items appear in a company's statement of financial performance? 1. $\quad$ Tax expense
2. $\quad$ Revenue
3. $\quad$ Gross profit
4. $\quad$ Operating profit
5. $\quad$ Cost of sales

• A)1, 2, 3, 5 & 4
• B)2, 3, 5, 1 & 4
• C)2, 5, 3, 1, & 4
• D)2, 5, 3, 4 & 1

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Definitions:

Asceticism

A lifestyle characterized by abstinence from worldly pleasures, often for the purpose of pursuing spiritual goals.

Aristotle

An ancient Greek philosopher and scientist who made significant contributions to logic, metaphysics, ethics, politics, and natural sciences.

Hedonism

The conception of the good life that takes pleasure to be the ultimate good.

Ethical Relativism

The thesis that whatever a culture or a society holds about right and wrong is therefore correct, at least for members of that culture or society. See moral (or ethical) relativism.