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-   -   Single-step income statement (https://www.askmehelpdesk.com/showthread.php?t=336042)

  • Mar 30, 2009, 09:52 PM
    johnfletcherII
    Single-step income statement
    I am confused on the set-up with the amount of information provided. There is not enough to go on. What do I do?
  • Apr 2, 2009, 04:15 PM
    pready

    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.

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