Which one of the following would be shown on a multiple-step income statement but not on a single-step income statement?

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A manufacturing corporation asked you to prepare its income statement in its fir...
Posted by:
Moataz Elsabawy
15-February-2017

A. Loss from discontinued operations.

B. Gross profit.

C. Extraordinary gain.

D. Net income from continuing operations.

Accounting Financial Reporting Financial Accounting CMA managerial accounting

Question added by Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage
Date Posted: 2015/08/15

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1 Answers

by Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer D is the correct answer

Thank you

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