The single-step income statement is easier to prepare, but a ...

[folubunmi]

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]

Answer to Question 1

True

Answer to Question 2

D