Selected Data from the Accounting Records of Cobb Company Are

Multiple Choice

Selected data from the accounting records of Cobb Company are listed below: $$\begin{array} { l r l r } \text { General \& administrative expenses } & \$ 2,200 & \text { Operating revenues } & \$ 6,000 \\\text { Selling expenses } & 1,800 & \text { Incometaxes } & 600 \\\text { Other revenues (expenses) } & 800 & \text { Dividends paid } & 1,200\end{array}$$
-Read the information about Cobb Company.By what amount will net income on a single-step income statement differ from net income on a multi-step income statement if Cobb Company prepares both formats?

A) $ 800
B) $ 600
C) $ 200
D) $ -0-