The financial statements of Zetar plc are presented in Appendix C The company 's complete annual report, including the notes to its financial statements, is available at www zetarplc com Instructions (a) Is Zetar using a multiple step or a single step income statement format Explain how you made yo...

a Zetar uses a multiple step format The income statement isolates gross profit operating profi ...

The financial statements of Zetar plc are presented in Appendix C. The company's complete annual report, including

Question:

The of Zetar plc are presented in Appendix C. The company's complete annual report, including the notes to its is available at www.zetarplc.com.
Instructions
(a) Is Zetar using a multiple-step or a single-step income statement format? Explain how you made your determination.
(b) Instead of "interest expense," what label does Zetar use for interest costs that it incurs?
(c) Using the notes to the company's explain what each of the following are:
(1) Adjusted results.
(2) One-off items.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...