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) Salaries of office employees would be grouped with the selling expenses in the Operating Expenses section of the income statement.
C) If a business is to earn a net income, the gross profit on sales must be greater than operating expenses.
D) Sales less Operating Expenses equals Gross Profit.