A multiple-step income statement includes an itemized list of a company's various sources of revenues and expenses. A multiple-step income statement reveals the company's gross profit, which is ...

In a multi-step income statement for a large corporation, the measures of profitability are reported at four different levels in a business's operations: gross, operating, pretax, and after-tax.

A multi-step business income statement is more complex. It separates expenses into operating and non-operating costs, shows types of revenue and often includes subtotals within revenue and cost ...

A multiple-step income statement divides earnings and expenditures and includes categories such as departmental costs, total sales and expenses for specific items, including repairs or the ...