Companies with specific business structures, such as corporations, must produce a multiple-step income statement, while other companies have the option of presenting a single-step income statement.

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 ...