Which of the following items appears at the top of an income statement when determining the net income of a firm?
A)Earnings before tax
B)Operating costs
C)Net sales
D)Gross profit
E)Retained earnings

Question

Quizplus · Accepted Answer

Net sales appear at the top of an income statement, as they represent the starting point for calculating a company's revenue and subsequent deductions to determine net income.

Which of the Following Items Appears at the Top of an Income