2 Other expense Other revenue 5. 1. Administrative expenses (general expenses) 2. Income from operations (operating income) 3. Multiple-step income statement 6. Selling expenses Single-step income statement A. A form of income statement in which the total of all expenses is deducted from the total of all revenues. B. A form of income statement that contains several sections, subsections, and subtotals. C. Expenses incurred in the administration or general operations of the business. D. Expenses that are incurred directly in the selling of merchandise. E. Expenses that cannot be traced directly to operations. F. Revenue from sources other than the primary operating activity of a business. G. Revenues less operating expenses and service department charges for a profit or an investment center