Which of the following would not be found on a single-step income statement? Revenues. Gross profit. Expenses. Net income.

Define Comprehensive income.

When should an average amount be used for the numerator or denominator? When the denominator is a balance sheet item or items. When a ratio consists of an income statement item and a balance sheet item. When the numerator is a balance sheet item or items. When the numerator is an income statement item or items.

Explain how to prepare a condensed income statement.

List the components of a statement of comprehensive income statement.

when putting together an income statement do the revenues and expenses have to put in order from highter amount to lowest?

Explain the nature of net income, revenue, andexpenses.