How do make a single-step income statement

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Reference no: EM132651945

Question 1: How do you make a single-step income statement. Combine selling expenses together in a single entry and combine administrative expenses together in a single entry. Be sure to complete the statement headings. Refer to the Chart of Accounts and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. A colon (:) will automatically appear if it is required.

Reference no: EM132651945

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