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Business, 08.01.2020 00:31 sarinaneedshelp01

Identify the items or sub-headings below that would appear on a multiple-step income statement. (check all that apply.)

1. sales
2. cost of goods sold
3. selling expenses
4. total revenues
5. utilities expense
6. administrative expense (heading for a group of expenses)
7. net income
8. supplies on hand
9. accumulated depreciation
10. income before income taxes
11. gross profit

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Identify the items or sub-headings below that would appear on a multiple-step income statement. (che...
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