Would the net income reported by a single-step income statement be the same as on a multi-step one?

Question

Does a multi-step income statement include additional information or does it just organize the same information differently?

Answer 1

The multiple step income statement reports expenses as operating and non-operating. The single step income statement only as revenue and expenses. One will gain more information from the multiple step statement. Most firm employ the multiple step statement. Take a look at the articles linked below.