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Does the company Dell use the single-step income statement, multiple

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Does the company Dell use the single-step income statement, multiple-step income statement, or a variation of both? Explain Solution Dell company uses a 'Multiple Step Income Statement'. A multiple step income statement separates the operating revenues and operating expenses from the nonoperating revenues, nonoperating expenses, gains, and losses. The multiple-step income statement also shows the gross margin or gross profit (net sales minus the cost of goods sold) and operating income. This is evident in the income statement of Dell where they show net revenue, cost of net revenue, gross margin, operating expenses, operating income, interest and other income (net), this type of income statement is a multiple step income statement.

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Does the company Dell use the single-step income statement, multiple-step income statement, or
a variation of both? Explain


Solution
Dell company uses a \'Multiple Step Income Statement\'. A multiple step income
statement separates the operating revenues and operating expenses from the nonoperating
revenues, nonoperating expenses, gains, and losses. The multiple-step income statement also
shows the gross margin or gross profit (net sales minus the cost of goods sold) and operating
income. This is evident in the income statement of Dell where they show net revenue, cost of net
revenue, gross margin, operating expenses, operating income, interest and other income (net),
this type of income statement is a multiple step income statement.
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