A single-step or multi-step income statement can be prepared for an income statement. All income from continuing operations' revenues and gains are listed in a single step, followed by a grouping of costs and losses. A number of intermediate subtotals, such as gross profit, operating income, and income before taxes, are reported in the multiple-step format. The single-step income statement for 2021, and the multi-step income statement for 2021, including EPS disclosures.

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Chapter 4, Problem 4.4E

To determine

Concept Introduction: A single-step or multi-step income statement can be prepared for an income statement. All income from continuing operations' revenues and gains are listed in a single step, followed by a grouping of costs and losses. A number of intermediate subtotals, such as gross profit, operating income, and income before taxes, are reported in the multiple-step format.

The single-step income statement for 2021, and the multi-step income statement for 2021, including EPS disclosures.

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