Use This Information to Answer the Following Question

question 87

Multiple Choice

Use this information to answer the following question. If the income statement were prepared in a multistep form,gross margin from sales would be

• A)$75,750.
• B)$72,000.
• C)$67,000.
• D)$82,000.

---

Definitions:

Dogmatic Thinking

An approach to understanding the world that involves strong beliefs or doctrines that are not open to question or skepticism.

Categorical Thinking

The process of organizing information by grouping similar objects, concepts, or experiences into categories or “buckets” in our minds.

Mental Retardation

An outdated and offensive term previously used to describe a condition characterized by below-average intellectual function and a lack of skills necessary for daily living; now more respectfully referred to as intellectual disability.

Down Syndrome

A genetic disorder caused by the presence of an extra chromosome 21, characterized by intellectual disability and physical abnormalities.