This form has the captions and descriptions for a single-step income statement. Drop in your corporation's amounts onto the lines provided. The all-important cost of goods sold calculation is also preprinted at the bottom of the form.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.