33. The primary a dvantage of the multiple-step format lies in the d the absence of any implication simplicity of presentation an that one type of revenue or expense item has priority over another. A) True B) False 34. Discontinued operations, and unusual gains and losses are both reported net of tax in the income statement. A) True B) False 35. The single-step income statement emphasizes A) the gross profit figure B) total revenues and total expenses. C) operating and non-operating expenses D) the various components of income from continuing operations A) Advertising expense B) Office salaries expense C) Freight-out D) Store supplies consumed 36. Which of the following is not a selling expense? Page 10 NAME ANSWER Form