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Which Is the Correct Order for Items to Appear on the Income

Question 118

Multiple Choice

Which is the correct order for items to appear on the income statement?


A) Sales revenue, operating expenses, gross profit, net income
B) Sales revenue, gross profit, net income, operating expenses
C) Sales revenue, gross profit, cost of goods sold, operating expenses
D) Sales revenue, cost of goods sold, gross profit, net income

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