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CH

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Explain the difference between the single-step and multiple-step income statements.

On May 03, 2024


A single-step income statement format includes cost of goods sold as another expense,and shows only one subtotal for total expenses.The calculation of net income is simply total revenues minus total expenses.A multiple-step income statement format shows detailed computation of net sales and other costs and expenses,and reports subtotals for various classes of items.
CH

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Probate is the:

A) reading of a will by a lawyer.
B) actual property given away in a will.
C) process of declaring a person dead.
D) process of managing the distribution of a deceased person's property.

On May 02, 2024


D
CH

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The role of a trainer has changed from a knowledge-keeper to a knowledge-facilitator.

On May 01, 2024


True
CH

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________ developed a popular method for risk-adjusted performance evaluation of mutual funds.

A) Eugene Fama
B) Michael Jensen
C) William Sharpe
D) Jack Treynor
E) Michael Jensen, William Sharpe, and Jack Treynor

On Apr 29, 2024


E