Author Question: The income statement comes in two basic formats, the multiple-step and the single-step versions; ... (Read 131 times)

c0205847

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The income statement comes in two basic formats, the multiple-step and the single-step versions; however, for analysis purposes the single-step version should be used.
 
  Indicate whether the statement is true or false

Question 2

Closing entries may be prepared from the ledger or the work sheet.
 a. True
   b. False
   Indicate whether the statement is true or false



LegendaryAnswers

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Answer to Question 1

T

Answer to Question 2

True



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