Create a Pareto chart for the following mistakes made in grading an exam.
Definitions:
Multiple-Step Income Statements
A detailed financial report that separates operating revenues and expenses from non-operating ones to calculate net income.
Income Subdivision
Income subdivision is the process of breaking down income into various categories or sections for detailed analysis and reporting.
Forecasting
The process of making predictions about future events, often involving the analysis of data and trends to inform business decisions.
Net Income Recognition
Net income recognition refers to the point at which revenues minus expenses are realized and reported in the financial statements, determining the profitability of a company for the period.
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