Question: Which of the answer options is a true statement? Operating income is reported in the single - step format of the income statement. The multi

Which of the answer options is a true statement?
Operating income is reported in the single-step format of the income statement.
The multi-step format of the income statement includes the cost of selling.
Gross margin is stated in the single-step format of the income statement.
The multi-step format of the income statement lists the cost of goods sold under Expenses & Losses.
Which of the answer options is a true statement? Operating income

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