Answer the following questions What is the order of the subtotals that appear on a multi-step income statement? OA. Gross Profit, Operating Income, Net Income, Other Revenues and Expenses OB. Gross Profit, Operating Income, Other Revenues and Expenses, Net Income OD. Other Revenues and Expenses, Operating Income, Gross Profit, Net Income Solution Hi, Please find the detailed answer as follows: Part A: Option B is the correct answer. ---- Part B: Option C is the correct answer. ------- Part C: Option B is the correct answer. --------- Part D: Option A is the correct answer. -------- Part E: Option B is the correct answer. ---------- Part F: Gross Profit = 310000 - 44000 - 165000 = $101000 (Option B ) is the correct answer. -------- Part G: Final Value = 4800 - 0.45*4500 - 0.02*(4800 - 0.45*4800) = 2722 (Option A ) is the correct answer. -------- Part H: Option D is the correct answer. Thanks. .

1. Answer the following questions
What is the order of the subtotals that appear on a multi-step income statement? OA. Gross
Profit, Operating Income, Net Income, Other Revenues and Expenses OB. Gross Profit,
Operating Income, Other Revenues and Expenses, Net Income OD. Other Revenues and
Expenses, Operating Income, Gross Profit, Net Income
Solution
Hi,
Please find the detailed answer as follows:
Part A:
Option B is the correct answer.
----
Part B:
Option C is the correct answer.
-------
Part C:
Option B is the correct answer.
---------
Part D:
Option A is the correct answer.
--------

2. Part E:
Option B is the correct answer.
----------
Part F:
Gross Profit = 310000 - 44000 - 165000 = $101000 (Option B ) is the correct answer.
--------
Part G:
Final Value = 4800 - 0.45*4500 - 0.02*(4800 - 0.45*4800) = 2722 (Option A ) is the correct
answer.
--------
Part H:
Option D is the correct answer.
Thanks.