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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Practicing Leadership Principles and Applications
Authors: Arthur Shriberg, David Shriberg
4th edition
047008698X, 978-1118139653, 1118139658, 978-0470086988
