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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 "Single-Step" format of an Income Statement do?
A. Separates operating and non-operating 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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