Financial Statements - show net income. The multi step...

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One concept I have learned from the income statements from PhxKlips is that there are two ways to conceptualize the revenue and expenses. The first way which is easier to use is the single step method. This method would normally be straight to the point because the statement will just use expenses and revenue income statements to
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Unformatted text preview: show net income. The multi step process will show percentages and income before taxes. This normally is more detailed but is used to format income statements....
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This note was uploaded on 09/19/2011 for the course XACC 280 XACC 280 taught by Professor Eileendetka during the Spring '10 term at University of Phoenix.

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