Final answer:
Gross profit and Net sales are shown on both multiple-step and single-step income statements. Profit from operations is usually on a multiple-step, while other expenses may be included but not specifically itemized in a single-step statement.
Step-by-step explanation:
A student has asked which of the following is shown on both a multiple-step and a single-step income statement: Gross profit, Profit from operations, Other expenses, Net sales. Both Gross profit and Net sales are common to both types of income statements. Gross profit is calculated by subtracting the cost of goods sold from net sales, and net sales is the revenue from the sales of goods or services minus returns, allowances, and discounts.
Profit from operations is typically shown on a multiple-step income statement, as this format separately displays operating expenses and revenues. Other expenses may be included in both formats, but they are not necessarily a line item in a single-step income statement.