Most real-world income statements are presented using which format? a. Multiple-step. b. Single-step. c. Magnitude-step. d. Income-step.

a. Multiple-step.

Explanation:

Most real-world income statements are presented using multiple-step format, in multiple-step format, the operating expenses and operating revenues are separated from the non-operating expenses and non operating revenues respectively and from the gains and losses. Contrary to the single-step approach which only gives a simple accounting of a businesses net income without segregating the operating expenses and operating revenue.

every society, in order to meet the needs of it's people, has to answer three basic questions:

- what should we produce?

- how should we produce it?

- for whom should we produce it?

this questions must be answered in order to, option b, aid in production decisions.

every country can't produce everything, no matter how rich their land is. it may be a matter of technology, resources or geographical conditions. so, these three questions must be resolved in order to get the most of the production of each land.

hope this !

the first question's answer is a.