A multistep income statement reports different types of income that include:
A)sales revenue and service revenue.
B)income tax expense, utilities expense, rent expense.
C)operating income, income before income taxes, and net income.
D)cost of goods sold and operating expenses.

Question

Quizplus · Accepted Answer

A multistep income statement separates operating income, income before income taxes, and net income to provide a detailed view of a company's financial performance.

A Multistep Income Statement Reports Different Types of Income That