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View Full Version : Single-step income statement


johnfletcherII
Mar 30, 2009, 09:52 PM
I am confused on the set-up with the amount of information provided. There is not enough to go on. What do I do?

pready
Apr 2, 2009, 04:15 PM
A single-step Income Statement will only have total sales or revenues minus total expenses to = Net Income. The acocunts are not listed invidually as in a multi-step Income Statement.