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    Financial Accounting Study Set 5
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    Exam 5: Financial Reporting and Analysis
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    Use This Information to Answer the Following Question
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Use This Information to Answer the Following Question

Question 49

Question 49

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question.   If the income statement were prepared in a multistep form,gross margin from sales would be A)  $159,500.  B)  $152,000. C)  $142,000. D)  $172,000. If the income statement were prepared in a multistep form,gross margin from sales would be


A) $159,500.
B) $152,000.
C) $142,000.
D) $172,000.

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