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    Exam 13: Small Business Accounting: Projecting and Evaluating Performance
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    Which Income Statement Format Is Preferred by Most Owners and Managers
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Which Income Statement Format Is Preferred by Most Owners and Managers

Question 38

Question 38

Multiple Choice

Which income statement format is preferred by most owners and managers of small businesses?


A) Single-step
B) Multiple-step
C) Revenue-only
D) Retained earnings

Correct Answer:

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