Final answer:
A multiple-step income statement is true to provide more detailed information about a company's results of operations than a single-step income statement by separating core operating items from non-operating items.
Step-by-step explanation:
The statement that a multiple-step income statement provides users with more information about a company's "results of operations" than does a "single-step" income statement is true. A multiple-step income statement separates operating revenues and operating expenses from non-operating revenues, non-operating expenses, gains, and losses. This format provides a detailed view of a company's core operations by highlighting its gross profit and operating income before considering other income sources, expenses, and taxes that are not directly related to the core business operations.
On the other hand, a single-step income statement combines all revenues and gains together and all expenses and losses together, providing only a bottom-line net income figure. While the single-step approach offers simplicity, it lacks the level of detail found in a multiple-step income statement that is useful for analysis and decision-making.