Question: Gross profit does not appear on a multiple - step income statement. on a single - step income statement. to be relevant in analyzing the

Gross profit does not appear
on a multiple-step income statement.
on a single-step income statement.
to be relevant in analyzing the operation of a merchandiser.
on the income statement if the periodic inventory system is used because it cannot be calculated.
Gross profit does not appear on a multiple-step income statement. on

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