Which of the following is an income statement that contains subtotals to highlight significant relationships? In addition to net income, it reports gross profit and operating income.
a) subtotal income statement
b) trial income statement
c) single-step income statement
d) multi-step income statement
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Home » Business » Which of the following is an income statement that contains subtotals to highlight significant relationships? In addition to net income, it reports gross profit and operating income.