On a multistep income statement a common subtotal is A Gross

On a multistep income? statement, a common subtotal? is:

A.

Gross Profit.

B.

Interest Expense minus Interest Income.

C.

Income from Nonoperating Activities.

D.

none of the above.

Solution

Solution:

On a multistep income statement, a common subtotal is \"Gross Profit\"

Hence option A is correct.