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  3. Study Set
    Financial Accounting Tools Study Set 4
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
  5. Question
    In a Single-Step Income Statement, Only One Step Is Required
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In a Single-Step Income Statement, Only One Step Is Required

Question 4

Question 4

True/False

In a single-step income statement, only one step is required in determining net income.

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