One of the Primary Benefits of the Multiple-Step Income Statement

Multiple Choice

One of the primary benefits of the multiple-step income statement over the single-step income statement is that the multiple-step income statement

A) shows gross margin and recognizes different types of costs and expenses.
B) shows last year's figures in comparison with the current year.
C) discriminates between administrative and selling expenses.
D) recognizes no distinction in types of costs or expenses.