2. Reformulating the Income Statement separates operating revenues and expenses from financial and investment accounts. a. True b. False 3. Revenues and expenses are multiplied by 1 less the tax rate, because: a. It measures the before-tax cost of the revenue earned and expenses paid. b. It measures the amount of money paid in income taxes It measures the revenues and expenses on an after-tax basis C. 4. For proposed income statements using the Treasurer's Rule C-I-d-F =? indicates: a. The amount of extra funds available to invest b. The amount of deficit funds that need funding c. All of the above d. None of the above 5. The asset side of a traditional Balance Sheet when reformulated measures: a. Free cash flow b. Net Cash Flow from Operations Net Cash Flow from Investing, Financing and cash adjustment accounts C