On a Multi-Step Income Statement,the Operating Expenses Are Subtracted from ________

question 162

Multiple Choice

On a multi-step income statement,the operating expenses are subtracted from ________ to arrive at operating income.

• A) net sales
• B) cost of goods sold
• C) net profit
• D) gross profit

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Definitions:

Lobbying

The act of attempting to influence the decisions made by officials in a government, most often legislators or members of regulatory agencies.

Politics

The activities, actions, and policies that are used to gain and hold power in a government or to influence decision-making in an organization.

Public Influence

The impact individuals or groups can have on public opinion, policy, or societal norms through various means of communication or action.

Full-Time Employees

Full-time employees are individuals employed by an organization who work a minimum number of hours defined by their employer, typically with benefits and job security.