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In February, Saveu Tax preparation accepted a job to complete Bolt's taxes. SaveU finished the tax returns in March, and submitted a bill to Bolt.

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In February, Saveu Tax preparation accepted a job to complete Bolt's taxes. SaveU finished the tax returns in March, and submitted a bill to Bolt. Bolt paid the bill in May. According to the revenue-recognition principle, when revenue should be recorded in [month). Which of the following statements reports the line item Gross profit? the single-step balance sheet the single-step income statement the multistep balance sheet the multistep income statement

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