Question 1 (4 points) Which of the following items would appear above "tax expense" in a multi-step income statement? Restructuring expenses Other Comprehensive Income Gross profit Income from discontinued operations Question 2 (4 points) All else equal, which of the following would result in a LOWER number at the bottom line of a Retained Earnings Statement? The discovery of a material error that understated the previous year's net income Dividends paid during the year The discovery of a material error that understated the previous year's cost of goods sold The company reporting a net loss on the income statement instead of net income