mat Tools Table Window Help Chapter 4 Assignment - Saved to my Mac out References Mailings Review View - Aav PO EEVEEE 1 T AD. A an AaBbCcDdEe Aa NO Normal Chapter 4 Assignment Name: TRUE FALSE. Write T if the statement is true and 'F if the statement is false. 1) Gross profit and income from operations are reported on a multiple-step but not on a single- step income statement. 1) 2) Income from continuing operations sometimes includes gains from nonoperating activities. 3) Companies report the results of operations of a component of a business that will be disposed of separately from continuing operations. 3) _ 4) Discontinued operations, and unusual gains and losses are both reported net of tax in the income statement. 4) 5) The single-step format of the income statement first lists all the revenues and gains included in income from continuing operations. 5) 6) A company that reports a discontinued operation item must report per share amounts for this item. 6) 7) Dividends declared on common and preferred stock are subtracted from net income in the computation of earnings per share. 7) 8) Comprehensive income includes all changes in equity during a period except those resulting from distributions to owners. 8) 9) Material restructuring costs are reported as an element of income from continuing operations. 10) Restructuring costs most often refer to costs associated with management's plans to materially change the scope of business operations or the manner in which they are conducted 10) nited States) Focus E