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Which statements is true for a multi-step income statement

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Reference no: EM132626583

Problem 1: Which of the following statements is true for a multi-step income statement?

Option 1: Shows a higher net income

Option 2: Shows the amount of equity

Option 3: Includes temporary and permanent accounts

Option 4: Has subtotals for gross profit and operating income

Reference no: EM132626583

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