On a multistep income statement,a common subtotal is:

Name: On a multistep income statement,a common subtotal is:
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Gross profit is a common subtotal on a multistep income statement as it is calculated by subtracting cost of goods sold from net sales. This subtotal gives insight into the profitability of the company's primary operations, i.e., the revenue generated through selling products or services minus the cost of producing or providing them.

On a Multistep Income Statement,a Common Subtotal Is