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Which of the following government rules on equal treatment of employees does not apply to businesses?
Single-Step Income Statement
A simplified income statement that calculates net income by subtracting total expenses from total revenues with only one step.
Multiple-Step Income Statement
An income statement format that separates operating transactions from non-operating transactions, providing a detailed analysis of revenue and expenses.
Casualty Loss
A loss resulting from sudden, unexpected, or unusual events such as accidents, natural disasters, or theft, often deductible for tax purposes.
Net Sales
The financial income a business earns from sales activities, minus the deductions for returns, damaged or lost items allowances, and discounts.
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