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1. Prepare a classified multiple-step income statement that would be used by the businesss owner. 2. Prepare a multiple-step income statement that would be used

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1. Prepare a classified multiple-step income statement that would be used by the businesss owner. 2. Prepare a multiple-step income statement that would be used by external users. 3. Prepare a single-step income statement that would be provided to decision makers outside the company. Analysis Component: If you were a decision maker external to Bell Servicing, which income statement format would you prefer and why, if you had a choice? Which income statement format(s) could you expect as an external user?

The following adjusted trial balance for Bell Servicing was prepared at the end of the fiscal year, December 31,2023

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