What Is a Multiple Step Income Statement
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What is a multiple step income statement

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Not all "profit" is created equally.... Here are 11 different ways to measure how much profit a company is generating: 1: Gross Profit: Explanation: Profit after subtracting the cost to produce the product / service Financial Statement: Income Statement Formula: Revenue - COGS 2: Operating Profit: Explanation: Profits generated from running the business Financial Statement: Income Statement Formula: Gross Profit - Operating Expenses 3: Pre-Tax Profit: Explanation: Total profits before tax...
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