The basic components of an operating statement are:
A) net sales, cost of sales, profit.
B) gross sales, gross margin, expenses, net profit.
C) sales, costs, and profit or loss.
D) sales, costs, and expenses.
E) gross sales, gross margin, net profit.

Question

Quizplus · Accepted Answer

An operating statement typically includes sales, costs, and the resulting profit or loss, which are the fundamental components for assessing a company's financial performance.

The Basic Components of an Operating Statement Are