Emphasis of the Single Step Income Statement
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The single-step income statement emphasizes
A. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement.
B. total revenues and total expenses.
C. the gross profit figure.
D. the various components of income from continuing operations.
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Solution Summary
The single-step income statement emphasizes
A. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement.
B. total revenues and total expenses.
C. the gross profit figure.
D. the various components of income from continuing operations.
Purchase this Solution
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