The income statement, one of the four principal financial reports for businesses, shows the company's net income or loss over a specified period of time. A multi-step income statement includes the ...

The income statement can be presented in a single-step or multi-step format. Mira Norian / Investopedia The income statement is an integral part of the company performance reports. While the ...

The basic template of an income statement is ... However, companies with inventory and cost of goods sold use a multiple-step income statement, so named because there are multiple subtractions ...