Which of the Following Would NOT Appear on a Multiple-Step

question 2

Multiple Choice

Which of the following would NOT appear on a multiple-step budgeted income statement for a manufacturer?

• A)gross profit
• B)income tax expense
• C)operating income
• D)salaries payable

---

Definitions:

Trial by Battle

A historical method of resolving disputes by combat, now obsolete in modern legal systems.

Travelling Courts

Courts that move from place to place to hear and decide cases, typically found in regions where accessing a fixed court location is challenging.

Stare Decisis

The legal principle of determining points in litigation according to precedent, upholding previous judgments in similar cases to ensure consistency in law.

Civil Law System

A legal system originating in Europe, characterized by a comprehensive set of laws that are codified and serve as the primary source of law, with judges applying the codes rather than developing precedent.