Use this information to answer the following question. If the income statement were prepared in a multistep form, excess of other expenses over other revenues would be
A) $12,750.
B) $6,500.
C) $19,000.
D) $6,250.

Question

Use this information to answer the following question.  If the income statement were prepared in a multistep form, excess of other expenses over other revenues would be
A) $12,750. 
B) $6,500. 
C) $19,000. 
D) $6,250.

Quizplus · Accepted Answer

The excess of other expenses over other revenues can be found by subtracting the total other revenues of $6,000 from the total other expenses of $12,500, which gives $6,500.

Use This Information to Answer the Following Question