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Author Question: The single-step income statement is easier to prepare, but a criticism of this format is that gross ... (Read 36 times)

folubunmi

  • Hero Member
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  • Posts: 524
on: Jul 5, 2018
The single-step income statement is easier to prepare, but a criticism of this format is that gross profit and income from operations are not readily available.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which type of business organization exposes its owner(s) to unlimited liability?
 
  A) corporation
  B) partnership
  C) sole proprietorship
  D) Two of these are correct.


Zebsrer

  • Sr. Member
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  • Posts: 284
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


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