Question Details

Selling expenses relate to general operating activities 



1. Nonoperating activities exclude revenues and expenses that result from secondary or
auxiliary operations.
2. Selling expenses relate to general operating activities such as personnel management.
3. Net sales appears on both the multiple-step and single-step forms of an income
statement.
4. A multiple-step income statement provides users with more information about a
company- income performance.
5. The multiple-step form of income statement is easier to read than the single-step form.




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