Requires a note disclosing facts Is directly related to the principal revenue-generating activities Expenses are recognized in the same period as the revenues it helped to generate Earnings from an identifiable component that will cease to be pan of operations Cash flows from the coming generating component of a firm. Match items 26, 27, 28, 29, and 30 to the following. a. Understatement of Gains 2-years ago b. Discontinued operations c. Gain/loss from sale of investments d. Multiple-Step Income Statement e. Direct Method of cash flows Reported in the non-operating section of the income statement Reported net of lax immediately after income from continuing operation Reported as an adjustment to Beginning Retained Earnings Reports sub-classifications and intermediate subtotal in arriving at net income Specifically identifies activities that cause changes in cash