Which of the following is not a subtotal on the multi-step income statement? O A. gross profit OB. income from continuing operations before tax OC. operating income OD. interest expense Hitchcock Enterprises sold a vacant plot of land for $20,000. The company had paid $4,000 for the land ten years ago. On the statement of cash flows, this transaction would be reported as a O A. financing cash inflow of $20,000 B. investing cash inflow of $16,000 O C. investing cash flow of $20,000 OD. operating cash inflow of $16,000 The factor for the present value of an ordinary annuity for 11% and eight periods is less than O A. the factor for the present value of an ordinary annuity for 10% and seven periods OB. the factor for the present value of an ordinary annuity for 11% and seven periods OC. the factor for the present value of an annuity due for 12% and seven periods OD. the factor for the present value of an ordinary annuity for 8% and eight periods