Q 4.18: With regard to comprehensive income, how does net income differ in a one statement approach compared to a two statement approach? A Net income in a one statement approach is used to calculate earnings per share, but earnings per share are not reported in a two statement approach. B Net income includes income, expenses, gains, and losses all together in a one statement approach, but income and expenses are separated from gains and losses when calculating net income in a two statement approach. Net income is reported as a subtotal in a one statement approach but as a total on a two statement approach. D Net income includes comprehensive income in a one statement approach but not in a two statement approach