The form of income statement that derives its name from the fact that the total of all expenses is deducted from the total of all revenues is called a A. multiple-step statement B. revenue statement C. report-form statement D. single-step statement

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The form of income statement that derives its name from the fact that the total of all expenses is deducted from the total of all revenues is called a
A. multiple-step statement
B. revenue statement
C. report-form statement
D. single-step statement

Darshita Changed status to publish February 16, 2020
0

Answer:

D. single-step statement

Darshita Changed status to publish February 16, 2020

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