The all-inclusive approach requires that all events and transactions that affect income should be reported on the income statement to help prevent the manipulation of income.

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The all-inclusive approach to income statement reporting requires that all events and transactions that affect income should be reported on the income statement. This includes both operating and non-operating items, such as gains or losses on the sales of assets, interest income or expense, and other unusual or one-time items. By including all of these items, the income statement provides a more complete and accurate picture of the company's financial performance, and makes it more difficult for management to manipulate income through selective reporting of certain items.

The All-Inclusive Approach Requires That All Events and Transactions That