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    Intermediate Accounting Study Set 9
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    Exam 4: Income Statement and Related Information
  5. Question
    The Primary Advantage of the Multiple-Step Format Lies in the Simplicity
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The Primary Advantage of the Multiple-Step Format Lies in the Simplicity

Question 61

Question 61

True/False

The primary advantage of the multiple-step format lies in the simplicity of presentation and the absence of any implication that one type of revenue or expense item has priority over another.

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