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Operating & Non-Operating Income - Together or Separate? Debate the advantages and disadvantages of the multi-step income statement and single-step income statement. Determine the statement

"Operating & Non-Operating Income - Together or Separate?

  • Debate the advantages and disadvantages of the multi-step income statement and single-step income statement. Determine the statement you would prefer as a member of the executive management team of an organization. Would your answer differ if you were an investor or a board member? Please explain.

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