Profit from operations appears on both the single-step and multiple-step forms of the income statement.

Name: Profit from operations appears on both the single-step and multiple-step forms of the income statement.
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Quizplus · Accepted Answer

Profit from operations, also known as operating income, typically appears only on the multiple-step income statement, which separates operating activities from non-operating activities. The single-step income statement does not distinguish between operating and non-operating activities.

Profit from Operations Appears on Both the Single-Step and Multiple-Step