Questions

Hence, the missing number iss 25.

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.

Relegate means Assigning an inferior rank or position to. That means, downgrading or pulling down, lower a person.

All other options have words with opposite in meaning.

Hence, Relegate is an English word which is similar in meaning to Downgrade.