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Single step
Multiple step
Agree with Mr. Goergei answer
1- Report Form
2- Account Form
To the income statement two basic forms:
First: Report form.
Second, the form of account.
Under accounting guidelines, a company may prepare its income statement under the single-step method or the multiple-step method. Also known as a statement of profit and loss, an income statement conveys a message of profitability, telling readers whether an organization made or lost money during a given period -- such as a fiscal year or quarter
Yes Agree with all answers Tow forms of Income Statement
Report Form
Account Form
(Single Step and Multi Steps)
2 forms
1- absorption costing -- COGS Method --
2- direct costing -- contribution margin --
1: Report Form (Statement Form)
2: Account Form
Report or account