An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a:

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A single-step income statement is the one that groups all revenues together and subtracts all expenses to derive at the net profit or loss for the period. It does not categorize expenses as operating expenses or non-operating expenses, and presents cost of goods sold as another expense item rather than a separate category.

An Income Statement That Includes Cost of Goods Sold as Another