Question
On a multiple-step income statement, the excess of net sales over the cost of merchandise sold is called: A. . income from operations B. .
On a multiple-step income statement, the excess of net sales over the cost of merchandise sold is called:
A. . income from operations
B. . net income
C. . operating income
D. . gross profit
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
