Question

Which of the following events experienced by a department store would be presented in the operating section of a multi step income statement? A. Inventory sold for less than its cost B. Equipment sold for more than its costC. Land sold for less than its cost D. All of the above are reported within operating income.

Answer 1

Answer:

A

Explanation:

Inventory sold for less than its cost would be presented in the operating section of a multi step income statement of a departmental store.