Final answer:Mostincome statementsuse the multiple-step format, which breaks down the statement into differentsectionsfor more detailed analysis of revenues, expenses, and net income.Explanation:Most real-world income statements are presented using themultiple-stepformat.The multiple-step format breaks down the income statement into multiple sections, such as theoperating section, non-operating section, and taxes section. This allows for a more detailed analysis of the company's revenues, expenses, and net income.On the other hand, the single-step format combines all therevenuesand expenses into one section, making it less detailed than the multiple-step format.Learn more aboutIncome Statementshere:brainly.com/question/33036593#SPJ11...

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