of the following are shown on a multi-step income statement?
A) Net sales revenue and Cost of goods sold
B) Net sales revenue, but not Operating expenses
C) Gross profit, but not Cost of goods sold
D) Interest revenue as part of Net sales revenue

Question

Quizplus · Accepted Answer

A multi-step income statement includes both net sales revenue and cost of goods sold, among other items, to calculate gross profit.

Of the Following Are Shown on a Multi-Step Income Statement