Question: The difference between a normal income statement and a multi-step income statement is: Select one: a. A multistep income statement does not deduct taxes b.

The difference between a normal income statement and a multi-step income statement is:

Select one:

a. A multistep income statement does not deduct taxes

b. A multistep income statement only shows cash expenses

c. They are the same

d. A multistep income statement shows gross profit and income from operations

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