Which of the Following Statements About a Multistep Income Statement

Multiple Choice

Which of the following statements about a multistep income statement is correct?

A) It groups all revenues together.
B) It reports a different amount of net income than a single-step income statement.
C) It includes expenses that would not appear on a single-step income statement.
D) A key measure available on a multistep income statement is the amount of profit earned over the cost of goods sold.