Which of the following is not a subtotal on the multi-step income statement?
A)income from discontinued operations
B)gross profit
C)operating income
D)income before tax

Name: Which of the following is not a subtotal on the multi-step income statement? A)income from discontinued operations B)gross profit C)operating income D)income before tax
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Question

Quizplus · Accepted Answer

Income from discontinued operations is not a subtotal, but rather a separate category that comes after operating income and before net income.

Which of the Following Is Not a Subtotal on the Multi-Step