Companies frequently report income tax expense as the last item before net income on a single-step income statement.

Which of the following is used to implement multiple ledgers and use each ledger for different purposes?

a. Financial accounting document b. Subsidiary ledger c. Sub-ledger d. Parallel Accounting e. None of the above

In the cosmetics industry, Unilever pursues differentiated global marketing strategies by targeting both ends of the perfume market

Indicate whether the statement is true or false