Multiple Step Income Statement: Income statement is one of the financial statements of the company. A multiple step income statement is the one that sub-totals the items present in the statement that leads to the calculation of the net income proving the better view of how the company generates the income. : The advantages of the multiple step income statement.

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Chapter 2, Problem 2.7.2P

To determine

Multiple Step Income Statement:

Income statement is one of the financial statements of the company. A multiple step income statement is the one that sub-totals the items present in the statement that leads to the calculation of the net income proving the better view of how the company generates the income.

: The advantages of the multiple step income statement.

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