A. Total expenses are subtracted from total revenues.
B. Gross profit (margin) is shown as a separate item.
C. Cost of sales and operating expense are subtracted from total revenues.
D. Other income is added to revenue from sales.
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Home » Business » In a multi-step Income Statement: A. Total expenses are subtracted from total revenues. B. Gross profit (margin) is shown as a separate item. C. Cost of sales and operating expense are subtracted from total revenues. D.