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For each item listed below can you state whether each item below describes a multiple-step income statement or a single-step income statement: 1.Reports nonoperating items
For each item listed below can you state whether each item below describes a multiple-step income statement or a single-step income statement:
1.Reports nonoperating items below income from operations
2.Reports expense in very few categories if any
3.Reports net income as the difference between total revenues less total expenses
4.Only reports a total revenue subtotal and total expense subtotal
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