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Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple - step versus

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple

-

step

versus a single

-

step format. The discussion involves the following

2025

information related to Blue Company

(

000

omitted

) .

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