In a Multi-Step Income Statement,which of the Following Items Is

question 98

Multiple Choice

In a multi-step income statement,which of the following items is excluded from the calculation of operating income?

• A)sales revenue
• B)interest expense
• C)selling expense
• D)administrative expense

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Definitions:

Generates Revenues

The process by which businesses engage in activities that result in the inflow of cash or other assets from delivering goods or services.