What Is a Multiple-Step Income Statement?
The multi-step profit and loss statement is to list the contents of the profit and loss statement in multiple categories, and finally calculate the company's profit or loss through multiple steps of calculation.
Multi-step income statement
Right!
- Chinese name
- Multi-step income statement
- Foreign name
- multiple-step income statement
- Operating profit = operating income-operating costs-operating taxes and surcharges-selling expenses-management expenses-financial expenses-asset impairment losses + gains on changes in fair value (or-losses on changes in fair value) + investment income (or-investment losses)
- Of which: Operating income = main business income + other business income
- Operating cost = main business cost + other business cost
- Total profit = operating profit + non-operating income-non-operating expenses
- Net profit = total profit-income tax expense
- The multi-step profit and loss statement is to list the contents of the profit and loss statement in multiple categories, and finally calculate the company's profit or loss through multiple steps of calculation.
- The multi-step profit and loss statement is also called the multi-step profit statement. It is mainly compiled according to three steps. The formula is as follows: