Refer to the consolidated statements of income on page 687 of the Intel Corporation annual report in

Question:

Refer to the consolidated statements of income on page 687 of the Intel annual report in the appendix.

Required:
a. Does Intel use the single-step format or the multiple-step format? Which format do you prefer? Explain your answer.
b. Refer to the basic and diluted earnings per share data on page 687 and the related note disclosures on page 731. Explain why this disclosure is appropriate.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...