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Case 9.31 a. Which method, single-step or multi-step, is used in the income statement? b. What are the captions of the intermediate profit amounts reported
Case 9.31 a. Which method, single-step or multi-step, is used in the income statement? b. What are the captions of the intermediate profit amounts reported by your company that are not reported by Campbell Soup Company? c. Calculate the gross profit ratio for each of the years reported. Briefly evaluate the trend of these results. d. Is operating income increasing or decreasing for the years reported? e. Does the company report any discontinued operations? If so, what are the effects on net income and earnings per share
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