5. The single-step income statement is different from the multi-step income statement in that it emphasizes O a. the gross margin figure. O b. total revenues and total expenses. Oc discontined operations and accounting changes. O d. the various components of income from continuing operations.

5. The singlestep income statement is different from the multi-step income statement in that it emphasizes the gross margin figure. b. total revenues and total expenses. c. discontinued operations and accounting changes. a. the various components of income from continuing operations