The final step in preparing the multi-step income statement is
A)sales revenue.
B)gross profit.
C)operating income.
D)net income.

Name: The final step in preparing the multi-step income statement is A)sales revenue. B)gross profit. C)operating income. D)net income.
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Question

Quizplus · Accepted Answer

The final step in preparing the multi-step income statement is to calculate the net income, which is the amount of revenue remaining after all expenses and taxes have been deducted. Therefore, the correct choice is D - net income.

The Final Step in Preparing the Multi-Step Income Statement Is