Disclosure of accounting polices required that all companies disclose only 1 point the accounting policies the firm follows. * O True False 1 point The major elements of the income statement are operating section, non operating section, discontinued operations, extraordinary items, and cumulative effect. True O O False 1 point The approach most companies use to provide information related to the components of other comprehensive income is a separate column in the statement of changes in stockholders' equity. True False i Retained