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    Financial Accounting Tools Study Set 2
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    A Multiple-Step Income Statement Shows
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A Multiple-Step Income Statement Shows

Question 45

Question 45

Multiple Choice

A multiple-step income statement shows


A) gross profit but not profit from operations.
B) neither gross profit nor profit from operations.
C) both gross profit and profit from operations.
D) profit from operations but not gross profit.

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