A question asked by stockholders is, How much gross profit did the company make? What financial statement

Question:

A question asked by stockholders is, "How much gross profit did the company make?" What financial statement would have the "gross profit" indicated as a separate line item?"
a) The because retained earnings represents gross profitsb) the multi-step income statementc) the single step income statementd) the statement of cash flows as cash inflows and outflows represents gross profitse) all of the above
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...