For the next 4 questions, select from the following categories A. Part of Operating Income on the Income Statement B. Other Revenuel Expense on the ncome Statement C. Discontinued operations on the income statement D. Reported in the Statement of Retained Eanings E. Reported in the Stockholder's Equity on the Balance Sheet 22) Dividends declared 23) Depreciation expense 24) Income earned from a business segment that was sold during the year. 25) Additional bad debt expense recorded this year due to change in estimate of bad debts. omitted from last year's Income Statement 26) Which of the following A-D below presents the correct order of steps (1-7) in the accounting cycle: 1. Adjusted trial balance 2. Adjusting Entry 3. Closing Entries 4. Financial Statements 5. Journal entry 6. Post-Closing trial balance 7. Posting to ledger A. 1,2,3,4,5,6,7, B. 2,4,7,1,6,5,3 C. 5,2,4,3,1,7,6 D. 5,7,2,1,4,3,6 27) The underlying theme of the conceptual framework is A. decision usefulness. B. understandability C. faithful representation D. comparability. 28) Which of the following groups has the authority to set and enforce accounting practices and standards for companies that issue securities to the public? A. FASB B. AICPA. C. SEC. D. APB. 29) IFRS stands for A. International forensic accounting standards. B. Intermediary financial reporting association C. International financial reporting standards. D. Internal financial reporting students