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Which one of the following would be shown on a multiple-step income statement but not on a single-step income statement?

A. Loss from discontinued operations.

B. Gross profit.

C. Extraordinary gain.

D. Net income from continuing operations.

Accounting Financial Reporting Financial Accounting CMA managerial accounting
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Question added by Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage
Date Posted: 2015/08/15
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Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer D is the correct answer 

 Thank you 

 

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