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:

World Trade Center

A large complex of office buildings in Lower Manhattan, New York, known for being the site of a terrorist attack on September 11, 2001.

Repression

Repression is a psychological defense mechanism where unpleasant thoughts, feelings, or desires are unconsciously excluded from consciousness.

First Years Of Life

The initial period of a person's life, typically referring to the time from birth to age three, crucial for development.

Defense Mechanism

Psychological strategies brought into play by individuals, unconsciously, to protect themselves from anxiety or to provide a refuge from a situation with which they cannot currently cope.