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5. What might a manager do during the last quarter of a fiscal year if she wanted to improve current annual net income? A) Increase
5. What might a manager do during the last quarter of a fiscal year if she wanted to improve current annual net income? A) Increase research and development activities. B) Relax credit policies for customers. C) Delay shipments to customers until after the end of the fiscal year. D) Delay purchases from suppliers until after the end of the fiscal year. 6. Which of the following is an advantage of the single-step income statement over the multiple-step income statement? A) It reports gross profit for the year. B) Expenses are classified by function. c) It matches costs and expenses with related revenues. D) It does not imply that one type of revenue or expense has priority over another
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