The difference between a single-step and multiple-step incomestatement is that a

The difference between a single-step and multiple-step incomestatement is that a single-step income statement _____.A. groups all revenues together and all expensestogether whereas a multiple-step income statement separatescertain revenues and expenses from each other and presentssubtotalsB. calculates net income using one method whereas amultiple-step income statement calculates net income using two ormore methodsC. calculates gross profit and operating incomewhereas a multiple-step income statement does not D.shows only 1 years net income whereas a multiple-step incomestatement shows multiple years net income