Which format is better in your opinion do the accounting, Financial Management

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Which format is better in your opinion do the accounting

There are two broad formats of preparing the income statement: single-step and multiple-step. What is the main distinguishing feature between the two? Which format is better in your opinion? Do the accounting rules require a certain format? More importantly, which format is predominantly used by most companies?

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Financial Management: Which format is better in your opinion do the accounting

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