Which one of the following would not appear on a single-step income statement?
A)gross profit
B)expenses
C)sales revenues
D)cost of goods sold

Name: Which one of the following would not appear on a single-step income statement? A)gross profit B)expenses C)sales revenues D)cost of goods sold
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Question

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A single-step income statement only includes total revenues and total expenses. It does not provide a breakdown of gross profit, cost of goods sold, or any other specific expenses.

Which One of the Following Would Not Appear on a Single-Step