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Which of the following is not true regarding the income statement? a.It is prepared using the account balances shown in the Adjusted Trial Balance columns
Which of the following is not true regarding the income statement?
a.It is prepared using the account balances shown in the Adjusted Trial Balance columns of the end-of-period spreadsheet.
b.It must be prepared after the statement of stockholders' equity.
c.Miscellaneous expense is listed as the last expense item, regardless of its amount.
d.It must be prepared before the statement of stockholders' equity.
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