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:

Future Use

Anticipated or potential application or employment of something at a later time or in a forthcoming context.

Physical Equipment

Tangible assets used in the operation or execution of tasks within a business, project, or any endeavor that involves mechanical or electronic tools.

Input

Represents data or signals that are entered into a system for processing or analysis.

Processing

The execution of tasks by a computer or processing unit, often referring to the manipulation or transformation of data.