Question: 2 . CONCEPTUAL CONNECTION: How would a multiple - step statement of earnings be different from the single - step statement of earnings you prepared

2. CONCEPTUAL CONNECTION: How would a multiple-step statement of earnings be different from the single-step statement of earnings you prepared for McDonald Marina?
A single-step statement of earnings and a multiple-step statement of earnings report
amount for net income. However, a
statement of earnings only contains two categories. These two categories are subtracted to arrive at net income. Therefore,
between the two formats is

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