is this right ?

For each item, Indicate whether the description describes a multiple-step (merchandiser) income statement or a single-step (service industry) income statement. Statement limited to two main categories (revenues and expenses) Single-step Commonly reports detailed computations of net sales and other costs and expenses Mutliple-step- Reports gross profit on a separate line. Mutliple-step Separate income from operations from other revenues and gains. Single-step