A single-step income statement reports different types of revenue 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

The single-step income statement reports different types of revenues, which include sales revenue and service revenue. Option B are expenses, Option C are income categories, and option D includes cost of goods sold and operating expenses, which are not revenues.

A Single-Step Income Statement Reports Different Types of Revenue That