Identify the items or sub-headings below that would appear on a multiple-step income statement. (check all that apply.)

1. sales
2. cost of goods sold
3. selling expenses
4. total revenues
5. utilities expense
6. administrative expense (heading for a group of expenses)
7. net income
8. supplies on hand
9. accumulated depreciation
10. income before income taxes
11. gross profit

Units because it is measurable

It would be proprieretorships and partnerships

Answercurrent ratio;

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.