Advantage of using the multiple-step income statement

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Reference no: EM13911561

What is an advantage of using the multiple-step income statement?

a, it highlights the components of net income

b. Gross profits is not a separate item

c. It is easier to prepare than the single-step income statement

d. Net income will be higher than net income computed using the single-step income statement

Reference no: EM13911561

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