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    Fundamental Accounting Principles
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    Exam 5: Accounting for Merchandising Activities
  5. Question
    The First Step in Preparing the Multi-Step Income Statement Is
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The First Step in Preparing the Multi-Step Income Statement Is

Question 82

Question 82

Multiple Choice

The first step in preparing the multi-step income statement is to find


A) Net sales
B) Gross profit
C) Operating income
D) Profit
E) Operating loss

Correct Answer:

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