Should creator and user needs be the same or different

Reference no: EM13128659

The income statement is an integral part of all financial statements presentations. There are two ways of creating the income statement, the single-step and the multiple-step methods.

What are the merits of each and which do you prefer as

1) the creator of the income statement or the user? Explain why

2) Should the creator's and user's needs be the same or different?

Reference no: EM13128659

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