Advanced Multi-Step Income Statements

Before you dig into more advanced multi-step income statements, it is important that you have a decent foundation of basic multi-step income statements. If you need to review the basics of multi-step income statements, please see this video:

A multi-step income statement can be separated into five core sections:

1. Operating section
2. Nonoperating section
3. Income tax
4. Discontinued operations
5. Noncontrolling interest

Access the Google spreadsheet below and watch the accompanying video to see an in-depth review of how each section is completed.

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Click here to access the
Multi-Step Income Statement Google Spreadsheet
and follow along!

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It looks like you’ve mastered this lesson. Good work!