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The measure of profit reported on a multiple-step income statement that represents the primary-revenue generating activities of the company is:_________.
A. Net income
B. Gross profit
C. Income before taxes
D. Operating income.

Respuesta :

Zviko

Answer:

D. Operating income

Explanation:

Multiple-step Income statement shows separately Income generated from Primary Activities and that including secondary Activities.

Profit Reported from Primary Activities (including Selling and Administrative expenses ) is known as Operating Income. Whilst Profit including Finance Costs and other Secondary Incomes and expenses is called Net Income.