Is this more of a single step income statement or a multi step income statement? CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in MillionsTotal revenueCost of merchandise soldOperating expenses:Selling, general, and administrativeDepreciation and amortizationImpairments, store closing, and other costs(Gain) on sale of real estateOperating income (loss)Interest expense, netLoss on extinguishment of debt(Loss) income before income taxes(Benefit) provision for income taxesNet (loss) incomeNet (loss) income per share:BasicDilutedNet SalesOther RevenueJan. 28, 2023$ 18,09811,4575,587808246304(58)(39)$ (19)$ (0.15)$ (0.15)$ 17,161$ 93712 Months EndedJan. 29, 2022$ 19,43311,4375,4788381,6802602011,219281$ 938$ 6.41$ 6.32$ 18,471$ 962Jan. 30, 2021$ 15,95510,3605,02187489(127)(262)284(546)(383)$ (163)$ (1.06)$ (1.06)$ 15,031$ 924Jan. 28, 2023100%63.31%30.87%4.46%1.36%1.68%-0.32%-0.22%-0.10%0.00%0.00%94.82%5.18%Common SizeJan. 29, 2022 Jan. 30, 2021100%100%58.85%64.93%28.19%4.31%8.65%1.34%1.03%6.27%1.45%4.83%0.03%0.03%95.05%4.95%31.47%5.48%0.56%-0.80%-1.64%1.78%-3.42%-2.40%-1.02%-0.01%-0.01%94.21%5.79%

The financial statement that assesses the financial performance of a corporate entity over a…

Answered: Is this more of a single step income…

Business

Accounting

Is this more of a single step income statement or a multi step income statement?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Is this more of a single step income statement or a multi step income statement?

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions
Total revenue
Cost of merchandise sold
Operating expenses:
Selling, general, and administrative
Depreciation and amortization
Impairments, store closing, and other costs
(Gain) on sale of real estate
Operating income (loss)
Interest expense, net
Loss on extinguishment of debt
(Loss) income before income taxes
(Benefit) provision for income taxes
Net (loss) income
Net (loss) income per share:
Basic
Diluted
Net Sales
Other Revenue
Jan. 28, 2023
$ 18,098
11,457
5,587
808
246
304
(58)
(39)
$ (19)
$ (0.15)
$ (0.15)
$ 17,161
$ 937
12 Months Ended
Jan. 29, 2022
$ 19,433
11,437
5,478
838
1,680
260
201
1,219
281
$ 938
$ 6.41
$ 6.32
$ 18,471
$ 962
Jan. 30, 2021
$ 15,955
10,360
5,021
874
89
(127)
(262)
284
(546)
(383)
$ (163)
$ (1.06)
$ (1.06)
$ 15,031
$ 924
Jan. 28, 2023
100%
63.31%
30.87%
4.46%
1.36%
1.68%
-0.32%
-0.22%
-0.10%
0.00%
0.00%
94.82%
5.18%
Common Size
Jan. 29, 2022 Jan. 30, 2021
100%
100%
58.85%
64.93%
28.19%
4.31%
8.65%
1.34%
1.03%
6.27%
1.45%
4.83%
0.03%
0.03%
95.05%
4.95%
31.47%
5.48%
0.56%
-0.80%
-1.64%
1.78%
-3.42%
-2.40%
-1.02%
-0.01%
-0.01%
94.21%
5.79%

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