Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

When comparing the two income statements, the single-step income statement has an advantage over the multiple-step income statement, because

Sagot :

Tundexi

The advantage that single-step income statement has an over the multiple-step income statement is that they do not imply that one type of revenue or expense has priority over another.

What is an income statement?

In accounting, an income statement means a financial statement that shows the firm's income and expenditures.

In conclusion, the advantage that single-step income statement has an over the multiple-step income statement is that they do not imply that one type of revenue or expense has priority over another.

Read more about income statement

brainly.com/question/24498019

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.