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What does the Single - Step format of an Income Statement do ? A . Separates operating and non - operating activities. B . Combines
What does the "SingleStep" format of an Income Statement do
A Separates operating and nonoperating activities.
B Combines all revenues and gains, and subtracts all expenses and losses to arrive at net income.
C Shows gross profit separately from operating income.
D Lists expenses in order of their magnitude.
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