Income Statement Definition, Formula & Importance

How To Prepare an Income Statement: With Examples income statement Single-Step Income Statement format aggregates all revenues and subtracts all expenses to find the net income in a single step Multi-Step ขอstatement Income Statement Revenues, Operating Expenses, Depreciation, and Income Taxes INCOME STATEMENT Net Operating Income Other Income and Deductions

ขอ statement Subtract the selling and administrative expenses total from the gross margin Doing this will give you the amount of pre-tax operating income