The form of income statement that derives its name from the fact that the total of all expenses is deducted from the total of all revenues is called a:

The correct answer is letter "D": single-step statement.

Explanation:

A single-step income statement is a simplified report mainly listing Revenues at the top of the sheet, Expenses at the bottom, and below Expenses the Net Income resulting from subtracting expenses from revenues. It is a summary of the company's operations that contrast the multiple-step income statement that lists in detail all the accounts where transactions took place given a certain period.  

Though, it will depend on the manager's need to request a single-step income statement or the multiple-step income statement.

i think it is sales-oriented, but i am not sure