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| Answer Isingle step form In single step form of income statement, all the revenues are added and the respective expense are deductat. There is got a consideration then about the operating and non operating activities of the organisation. At the ent, income tax expenie dedycled I to arrive the net income. | Multto step forces In mult step form of income statemente, all operating tevenyes grad operating expense are first dedycled to know the income from operations.
After fining income from continuing operalogswe will have to find the income from non-operating activities and then finally income tax expense detached to arrive net income
TOCADC.statcocol for the avoc USIOG_5129e slep_form BLULCOWANY Jacome statement for_the_cox_ended Decemları 3), 2010 | (In Thousanks except earning i per shave). LAMI. AME(S) Parthighers Revenues Sales Revenue Rent Revenue 96814 17544 Total Revenues (1122 114358 Eχρο) . Cost of Gools sold 60854 selling Expenses ( 3004 +8294 +6794) L 18092 Adminisha atſive Expense ( 5274 +4274) 9488 Inbevest Expense 2174 Toty Expeores (374 75 762 |(90612) Income before. Income Tax (B-D) Income Tax __ Net Income (E-F) 23720 (9384) 14336
2 Income Statement for the year 2010 using multf-step form LOLVE COMPANY Income Statement for the year ended December 31, 2020 (In Thousands except earnings per share) Tank: ( Aml.(5) nmi.co Partialaus | Sales_Revenues Cost of Goods sold 96814 (90884) 35930 Gross Prefji (A-6) Operating Expenses Selling Expense Delivery Expone Sales Commission Depreciation_01_sgles Iquiergegli 3004 8294 6 794 18092 Asyigisha plue Expense e office salaries Depreciation of office fyinitume lo Equipox at 5214 4274 9488 27580) 8350 | 7 Dm Total_opexqtis; Expane (It) τηcom: βάρη_Ορενα (c-E) Other levenues_la_G9125 Rent Revenue Lother_Expęgie_901 losses Interest Expense 11544 (2174)
23720 Income betove Income Tax (ftG-H) | Income Tax (93841 ! .
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14336 Not Income (ICJ)
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