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Company Name Single Step Income Statement Template For the Years Ending Dec 31, 2015 and Dec 31, 2014 Revenue Sales revenue Interest revenue Other revenueTotal Revenues$20151,000,000.00 300,000 25,

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What is single step income statement?

A single step income statement is a financial report that shows a company's income and expenses in one simple format, without separating operating and non-operating activities.

Who is required to file single step income statement?

All types of businesses, such as sole proprietorships, partnerships, and corporations, are required to prepare and file a single step income statement for tax and reporting purposes.

How to fill out single step income statement?

To fill out a single step income statement, list all revenue sources at the top, followed by all expenses. Subtract total expenses from total revenue to calculate net income.

What is the purpose of single step income statement?

The purpose of a single step income statement is to provide a clear overview of a company's financial performance by showing its total income and expenses on a single page.

What information must be reported on single step income statement?

A single step income statement must include revenue sources, expenses, net income, and any other relevant financial data required for reporting and analysis purposes.

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