Examlex
Data from Project Head Start
Multiple-Step Income Statement
An income statement that separates operating revenues and expenses from non-operating items to calculate net income in several steps.
Income From Operations
Financial gain accruing from the essential operations of an enterprise, without taking into account interest and tax deductions.
Net Income
The company's net earnings following the deduction of all expenses and taxes from its gross revenue.
Single-Step Form
A simplified income statement format that consolidates all revenues and expenses into single categories to calculate net income.
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