Use Scenario 6.1 to determine the total production lead time for carpincho gloves

Which of the following is shown on a multi-step income statement but not on a single-step income statement?

A) gross profit B) net sales revenue C) cost of goods sold D) net income

What is an advantage of using equity as a method of compensation?

a. helps overcome the moral hazard that occurs when innovators bear the cost of failure b. attracts personnel who are looking for steady and consistent earnings c. provides employees with the potential for upside rewards for risk taking d. all of the above are advantages