Which Is the CORRECT Order for Items to Appear on the Income

question 8

Multiple Choice

Which is the CORRECT order for items to appear on the income statement?

• A)sales revenue,operating expenses,gross profit,net income
• B)sales revenue,gross profit,net income,operating expenses
• C)sales revenue,gross profit,cost of goods sold,operating expenses
• D)sales revenue,cost of goods sold,gross profit,operating expenses

---

Definitions:

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis by stating there is a statistically significant effect or relationship between variables.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical hypothesis testing.

Alternative Hypotheses

A statement that directly contradicts the null hypothesis, suggesting that there is a significant difference or effect.

Population Mean

The average value of all the members of a population.