Historically, Nike presented its Income Statement using the single step presentation approach. Eventually, Nike came...
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Accounting
Historically, Nike presented its Income Statement using the single step presentation approach. Eventually, Nike came under tremendous pressure to change the presentation of its Income Statement to the multiple step approach, which it did. What do you think caused Nike to come under such pressure to change its Income Statement to the multiple step approach? Please be specific in your answer (hint: think or consider some of the fundamental principles of accounting information).
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