$$\text { Match each of the following terms } ( a - h ) \text { with the correct definition below. }$$

Short Answer

$$\text { Match each of the following terms } ( a - h ) \text { with the correct definition below. }$$
-Statement that includes subtotals for net sales, gross profit, and net operating income in determining net income.
a. Credit terms
b. FOB destination
c. FOB shipping point
d. Periodic inventory system
e. Perpetual inventory system
f. Inventory shrinkage
g. Single-step income statement
h. Multiple-step income statement