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The major difference between the multiple-step income statement format and the single-step income statement format is the separation of: real income and book income
The major difference between the multiple-step income statement format and the single-step income statement format is the separation of: real income and book income of the reporting entity. permanent earnings and transitory earnings of the reporting entity. earned income and unearned income of the reporting entity. book income and taxable income of the reporting entity.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
