=+4. On a multiple-step income statement, the excess of net sales over the cost of merchandise sold

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=+4. On a multiple-step income statement, the excess of net sales over the cost of merchandise sold is called:

A. operating income.

B. income from operations.

C. gross profit.

D. net income.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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