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    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Multiple-Step Income Statements
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Multiple-Step Income Statements

Question 60

Question 60

Multiple Choice

Multiple-step income statements:


A) separate core results from peripheral results.
B) includes one subtotal for revenues and one for expenses.
C) exclude certain significant items from net income.
D) only report core results.

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