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 ...

An income statement simply displays the company’s revenues and expenses, providing investors with an array of information that can be used to gauge its value. The two basic elements of an income ...

Financial statements are essentially the report cards for businesses. They tell the story, in numbers, about the financial health of the business. The information found on the financial statements ...