Several income statement formats

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Question 1: There are several income statement formats, but why is the multi-step income statement generally accepted as the best format?

Question 2: Each Class Associate. What is a method a company might use control or distort the revenues and /or expenses which would impact net income? How would you use your option to increase current income at the expense of future income? Class, check your associates posts, would their method work, why or why not?

Reference no: EM131204887

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