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The single-step and multistep income statements result in different net income figures.
Fraction
A fractional amount that signifies a portion of a whole, distinguished by not being an integer.
Per Hundred
A phrase used to denote or calculate rates, statistics, or proportions out of a hundred.
Percentage
A numerical expression or ratio indicating a portion of 100.
Percent
A mathematical term describing a number or ratio expressed as a fraction of 100.
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