Answer:
The correct answer is letter "D": single-step statement.
Explanation:
A single-step income statement is a simplified report mainly listing Revenues at the top of the sheet, Expenses at the bottom, and below Expenses the Net Income resulting from subtracting expenses from revenues. It is a summary of the company's operations that contrast the multiple-step income statement that lists in detail all the accounts where transactions took place given a certain period.
Though, it will depend on the manager's need to request a single-step income statement or the multiple-step income statement.
