Assuming that Merchandise business use multiple step income statement. Which of the following will be correct result of Income from operation by the business? a. Gross Margin will be multiplied by Total Operating expenses b. Operating expenses will be deducted from net sales c. Gross Margin will be divided by Total Operating expenses d. Total operating expenses will be deducted from Gross Margin Clear my choice

Assuming that Merchandise business use multiple step income statement. Which of the following will be correct result of Income from operation by the business? a. Gross Margin will be multiplied by...

Assuming that Merchandise business use multiple step income statement. Which of the following will be correct result of Income from operation by the business?

Gross Margin will be multiplied by Total Operating expenses

Operating expenses will be deducted from net sales

Gross Margin will be divided by Total Operating expenses

Total operating expenses will be deducted from Gross Margin

Clear my choice

Jun 10, 2022

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Assuming that Merchandise business use multiple step income statement. Which of the following will be correct result of Income from operation by the business? a. Gross Margin will be multiplied by...

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