The management of Small Corporation (a privately held Canadian entity) has asked you to critique its income statement for the current year.It was prepared in single-step form by an employee as shown below.List and number your criticisms of the employee's effort.Do not look for math errors or cite the arithmetic effects of reclassifying items.

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The Answer of The management of Small Corporation (a privately held Canadian entity) has asked you to critique its income statement for the current year.It was prepared in single-step form by an employee as shown below.List and number your criticisms of the employee's effort.Do not look for math errors or cite the arithmetic effects of reclassifying items.

The Management of Small Corporation (A Privately Held Canadian Entity)