The selling expenses and general expense categories above are acombination of numerous accounts not needed to be listed separately(they are mainly composed of senior executives’ salaries and othercompensation items). If you do not know if an account is selling orgeneral/admin. then split the dollar amount 50/50 between the 2categories. This only matters in the preparation of the multi-stepincome statement.
Needed
A Single Step income statement
Multiple-step income statement
Statement of retained earnings
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