The income statement will presentA) revenues less expenses (ordered largest to smallest amounts) with miscellaneous expense listed lastB) revenues less expenses (ordered smallest to largest amounts) with miscellaneous expense listed lastC) revenues less expenses (ordered in alphabetical order)D) revenues less expenses (order is not important)

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The income statement will presentA)  revenues less expenses (ordered largest to smallest amounts)  with miscellaneous expense listed lastB)  revenues less expenses (ordered smallest to largest amounts)  with miscellaneous expense listed lastC)  revenues less expenses (ordered in alphabetical order)D)  revenues less expenses (order is not important)

Raahim Pathan · Accepted Answer

Final Answer : A, Explanation :  The income statement is typically prepared in order of largest to smallest amounts, with miscellaneous expenses listed last. This presentation provides a clear picture of the company's revenues and expenses, with the most significant figures appearing first.

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