Which of the Following Is the Correct Order of Subtotals

question 260

Multiple Choice

Which of the following is the correct order of subtotals that appear on a multi-step income statement?

• A) Operating income, Gross profit, Net income
• B) Gross profit, Net sales revenue, Net income
• C) Net income, Operating income, Net income
• D) Gross profit, Operating income, Net income

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Definitions:

Intellectual Disability

A developmental condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers a range of everyday social and practical skills.

IQ Score

A numerical measure of a person's intelligence, typically obtained through standardized testing.

Academic Successes

Achievements within an educational setting, often measured by grades, accolades, or the attainment of knowledge and skills.

Hard Work

The effort put into tasks or activities with determination and dedication, often leading to achievement and success.