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E 4 - 5 ( L 0 2 , 3 ) EXCEL ( Multiple - Step and Single - Step Statements ) Two accountants for
EL EXCEL MultipleStep and SingleStep Statements Two accountants for the firm of Elwes and Wright are
arguing about the merits of presenting an income statement in a multiplestep versus a singlestep format. The discussion
involves the following information related to P Bride Company $ omitted
Instructions
a Prepare an income statement for the year using the multiplestep form. Common shares outstanding for total
omitted
b Prepare an income statement for the year using the singlestep form.
c Which one do you prefer? Discuss.
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