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Author Question: The income statement comes in two basic formats, the multiple-step and the single-step versions; ... (Read 93 times)

c0205847

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on: Jul 6, 2018
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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Reply #1 on: Jul 6, 2018
Answer to Question 1

T

Answer to Question 2

True


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