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Comprehensive Income and the Income Statement&nbspPlease respo

    Comprehensive Income and the Income Statement’ Please respond to the following:From the e-Activity, create one (1) argument to support the use of a two-step approach over the single-step approach when reporting comprehensive income. Support your response with specific examples that illustrate why the two-step approach is more beneficial than the single-step approach.Differentiate between a multi-step income statement and a comprehensive income statement, and suggest which income statement is more useful to investors and creditors. Provide a rationale for your suggestion.Please make sure you post an Initial Post and at least one Reply Post in this Thread  All posts should be substantive and add value to the discussion.  Please make sure your posts are grammatically correct and do not have any spelling errors.  Each post should have original content and you must cite any sources that you quote or paraphrase.  For additional guidance, please refer to the Threaded Discussion Announcement posted in the course.

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