Using the Multiple-step Income Statement, match each definition with the section of the Multiple- step Income Statement: Income from a company's principal operating [ Choose ] activity; determined by...

Extracted text: Using the Multiple-step Income Statement, match each definition with the section of the Multiple- step Income Statement: Income from a company's principal operating [ Choose ] activity; determined by subtracting cost of goods sold and operating expenses from net [Choose] sales. The excess of net sales over the cost of goods sold. Multiple-step income statement Other expenses and losses Various revenues, expenses, gains, and losses Other revenues and gains that are unrelated to a company's main line Income from operations Operating expenses Nonoperating activities of operations. Expenses incurred in the process of earning [ Choose ] sales revenue. A nonoperating-activities section of the [ Choose ] income statement that shows expenses and losses unrelated to the company's main line of operations A nonoperating-activities section of the [ Choose ] income statement that shows revenues and gains unrelated to the company's main line of operations. An income statement that shows several [ Choose ] steps in determining net income. > > >