Question: Most companies use: A Single - Step income statement because it separates items by function. A Single - Step income statement because it classifies revenues

Most companies use:
A Single-Step income statement because it separates items by function.
A Single-Step income statement because it classifies revenues and expenses.
A Multiple-Step income statement due to the way it clearly separates key performance measures.
A Multiple-Step income statement because the Multiple-Step Income Statement is the only statement GAAP allows.

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