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Which statement is correct regarding the income statement (profit and loss)? Both revenue and tax charges must be presented unless the company is a sole

Which statement is correct regarding the income statement (profit and loss)?

Both revenue and tax charges must be presented unless the company is a sole proprietorship (sole trader).

The content and layout is standardized so that businesses can be easily compared.

An amount for cost of goods sold must be presented.

Companies must present a sub-total for earnings before interest, taxes, depreciation, and amortization.

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