Multiple-step income statements: Are required by the FASB. Contain more detail t

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Multiple-step income statements: Are required by the FASB. Contain more detail than a simple listing of revenues and expenses. Are required for the perpetual inventory system. List cost of goods sold as an operating expense. Can only be used in perpetual inventory systems. Are required by the FASB. Contain more detail than a simple listing of revenues and expenses. Are required for the perpetual inventory system. List cost of goods sold as an operating expense. Can only be used in perpetual inventory systems. Are required by the FASB. Contain more detail than a simple listing of revenues and expenses. Are required for the perpetual inventory system. List cost of goods sold as an operating expense. Can only be used in perpetual inventory systems.

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