<span>Adina deposits $1,000 in the bank. The bank can then use her savings to make loans to/for investors. </span>
Answer:
The major advantage of multiple step income statement is that it breaks down the operating revenues and the costs incurred in the business.
It shows separated Gross profit which can be calculated as: Sales - COGS.
Apart from that, it shows separate Operating Income: Gross Profit - Operating expenses.
Lastly, it shows Net income: Operating income + non operating income.
Hence, concluded that, multiple step income statement offers a greater and detailed picture as compared to single step income statement.
Hope this helps.
Good Luck buddy.
Answer:
Part A which statement identifies the central idea of the text President Bush speech
Explanation:
Answer: B
Explanation:
I THINK DONT BE MAD IF ITS NOT
