In Contrast with a Multiple-Step Income Statement,a Single-Step Income Statement

question 73

Multiple Choice

In contrast with a multiple-step income statement,a single-step income statement does not show the amount of

• A) income taxes on continuing operations.
• B) cost of goods sold.
• C) gross profit.
• D) earnings per share.

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Definitions:

MIN(range)

Refers to the smallest value in a given range of data.

Smallest Value

The minimum value within a set of numbers or measurements.

SUM(range)

A mathematical function that adds together all numbers in a specified range.

Add Values

The operation of performing addition to increase or combine numeric quantities.