Question $11$

$6\mathrm{.}67$ pts

The multi$-$step income statement highlights the components of income. Operating expenses

included on a multi$-$step income statement would never include

insurance expense.

none of these $($i$.$e$.,$ all of these accounts are commonly listed as operating expenses on multi$-$step

income statement$).$

cost of goods sold.

salaries and wages expense.

advertising expense.