A multiple-step income statement provides users with more information about a company's income performance than a single-step income statement.

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A multiple-step income statement breaks down a company's revenue and expenses into categories, allowing users to see details such as gross profit and operating income. A single-step income statement only shows total revenue and subtracts total expenses to provide net income. Therefore, a multiple-step income statement provides more information and insight into a company's income performance.

A Multiple-Step Income Statement Provides Users with More Information About