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Single-Step Income Statement
An income statement that shows only one step in determining net income.
Operating Revenues
Income generated from the core business activities of a company, excluding any revenue from investments or secondary operations.
Other Revenues and Gains
Income generated from activities not directly related to the primary operations of a business.
Multiple-Step Income Statement
A multiple-step income statement is a more detailed financial statement that separates operating revenues and expenses from non-operating ones, providing insights into the different aspects of a company's performance.
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