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Required: a . Prepare a multistep income statement. Include all operating expenses in one line item called Selling, General and Administrative Expenses and all non
Required:
a Prepare a multistep income statement. Include all operating expenses in one
line item called "Selling, General and Administrative Expenses" and all non
operating revenuesexpenses in one line item called "Other Revenue
Expenses net".
b Compute the gross profit percentage.
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