One of the challenges for brick-and-mortars involve increasing IS complexity

Which of the following is an advantage of the single-step income statement over the multiple-step income statement?

a. It reports gross profit for the year. b. Expenses are classified by function. c. It matches costs and expenses with related revenues. d. It does not imply that one type of revenue or expense has priority over another.

In a mid-size sales organization, typically the vice president of marketing or sales heads the sales organization

Indicate whether the statement is true or false