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The multiple-step income statement for a merchandising company shows each of the following features except:(a)gross profit.(b)cost of goods sold.(c)a sales revenue section.(d)investing activities section.

Respuesta :

d) investing activities section.

What is Investing activities section?

  • Investing activities are one of the main categories of net cash activities that businesses report on the cash flow statement.
  • Investing activities in accounting refers to the purchase and sale of long-term assets and other business investments, within a specific reporting period.
  • A business’s reported investing activities give insights into the total investment gains and losses it experienced during a defined period.  
  • Investing activities are a crucial component of a company’s cash flow statement, which reports the cash that’s earned and spent over a certain period of time.

Learn more about investing activities section refer:

https://www.freshbooks.com/hub/accounting/investing-activities#:~:text=Investing%20activities%20in%20accounting%20refers,experienced%20during%20a%20defined%20period.

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