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Income Statement What is a multiple-step income statement? Do you think the information it provides beyond bottom-line net income is good for the overall health

Income Statement

  1. What is a multiple-step income statement? Do you think the information it provides beyond "bottom-line" net income is good for the overall health of the company? If not, why do you think so?
  2. Why is it important to distinguish between sustainable income and actual net income? Is one more important than the other?

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