CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

The format of the income statement that shows several intermediate profit measures is called the ______.
A. single-step format
B. multiple-step format
C. operating-profit format
Explanation: The multiple-step format provides several intermediate profit measures, including gross profit, operating profit, and earnings before income tax, before presenting the net income for the period.

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