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What is a comparative income statement?A comparative income statement consists of typically two or three years of income statements on a single statement. The current year income statement will be reported the furthest to the left, next to the account titles. Each previous year will be reported just to the right of the current year, beginning with the prior year's numbers.
A comparative income statement gives the user a better frame of reference of how the company is doing in the current year compared to previous years.