Multi-Step Income Statement Overview, Components, Pros

توسط |2020-10-12T18:30:54+03:30اکتبر 12th, 2020|Bookkeeping|

GAAP gives companies the option of issuing either single-step or multiple-step income statements depending on how they’re structured. The key difference between a single and multi-step income statement is that a single-step statement uses only one step to calculate the net income, whereas a multi-step statement uses numerous steps. A single-step income statement shows only