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  1. How are operating revenues and expenses reported?
    Separately from non-operating revenues and expenses  and other gains and losses
  2. What is the benefit of the multiple step income statement?
    Enhanced user information
  3. How is information presented in the single step income statement?
    Total expenses (including income tax expense) are subtracted from total revenues

Card Set Information

Author:
iwillnotlose
ID:
201313
Filename:
F1 -
Updated:
2013-02-18 02:49:01
Tags:
CPA Review Financial Reporting
Folders:

Description:
Income From Continuing Operations
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