Explain what industries would not use a multi-step format

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Question 1: Locate an income statement that deviates from the traditional multistep format and explain why it would be useful for the specific business or industry. Explain what a multi-step format for an income statement is and why a company would use that. Who would benefit from seeing this type of format and what might they gain from it?

Question 2: Next, locate an income statement that is NOT in a multistep format; be sure to provide the URL link so that others can look at what you found for their responses. Finally, explain what companies or industries would not use a multi-step format income statement and why. cite references in the text of the post to give credit to the author

Reference no: EM132492938

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