1. The single-step income statement emphasizes a. the gross profit figure. b. total revenues and total expenses. c. extraordinary items and accounting changes more than these are emphasized in the multiple-step income statement. d. the various components of income from continuing operations. 2. Which of the following is NOT a generally practiced method of presenting the income statement? a. Including prior period adjustments in determining net income b. The single-step income statement c. The consolidated statement of income d. Including gains and losses from discontinued operations of a segment of a business in determining net income 3. Which of the following items will NOT appear in the retained earnings statement? a. Net loss b. Prior period adjustment c. Change in accounting principle, net of taxes d. Dividends e. All would appear. f. None would appear. g. A and B only. 4. Comprehensive income includes all of the following except a. dividend revenue. b. losses on disposal of assets. c. investments by owners. d. Interest Expense