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What is a multiple-step income statement

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Income Statement

Problem 1: What is a multiple-step income statement? Do you think the information it provides beyond "bottom-line" net income is good for the overall health of the company? If not, why do you think so?

Problem 2: Why is it important to distinguish between sustainable income and actual net income? Is one more important than the other?

Reference no: EM132779678

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