Question: Select all that apply Identify the statements below which are correct regarding a merchandiser's multi - step income statement. ( Check all that apply )

Select all that apply
Identify the statements below which are correct regarding a merchandiser's multi-step income statement. (Check all that apply).
Accounts receivable is included on the statement.
Total assets is the last line on the statement.
All expenses are subtracted from gross profit in order to calculate net income.
Cost of goods sold is subtracted from net sales in order to determine gross profit.
Merchandise inventory is reported on the statement.
Select all that apply Identify the statements below which are correct

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