Why is an income statement divided into so many different categories? Couldnt all the revenues and all

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Why is an income statement divided into so many different categories? Couldn’t all the revenues and all the expenses each be totaled and then subtracted from each other to determine net income? Wouldn’t this make accounting easier to learn?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Question Posted: Jun 22, 2012 06:50 AM

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Why is an income statement divided into so many different categories? Couldnt all the revenues and all

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The income statement is organized to highlight certain information that is useful to financial state...View the full answer

Financial Accounting Information For Decisions

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