On a multi-step income statement,which of the following is added to operating income to arrive at net income?
A) sales revenue
B) interest expense
C) sales discounts forfeited
D) operating expenses
Correct Answer:
Verified
Q177: A merchandiser has sales discounts forfeited of
Q178: The Sales Revenue,Delivery Expense,and Sales Discounts Forfeited
Q179: In a multi-step income statement,interest revenue and
Q180: A merchandiser reports sales revenue of $24,000
Q181: On a multi-step income statement,the operating expenses
Q183: Which of the following is the correct
Q184: The following information relates to Sports
Q185: Net sales revenue is sales revenue less
Q186: Sales Revenue is recorded net of sales
Q187: On November 1,2019,Alpha Omega,Inc.sold merchandise for $12,000,FOB
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents