Name and define the subtotals that appear on a multiple-step income statement and not on a single-step income statement.Explain why income tax expense is usually the final deduction on both single-step and multiple-step income statements.

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The Answer of Name and define the subtotals that appear on a multiple-step income statement and not on a single-step income statement.Explain why income tax expense is usually the final deduction on both single-step and multiple-step income statements.

Name and Define the Subtotals That Appear on a Multiple-Step