Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) The term single-step income statement is sometimes used to describe a classified income statement.
B) If a business is to earn a net income,the gross profit on sales must be greater than operating expenses.
C) Salaries of office employees would be grouped with the selling expenses in the Operating Expenses section of the income statement.
D) Sales less Operating Expenses equals Gross Profit.