True or Fales 1- Earnings per share amounts are only required to be presented for income from continuing operations and net income on the face of the statement. 2- When a corporation discontinues a segment of its operations at a loss, the loss should be reported as a separate item before income from continuing operations on the income statement. 3- Any gains or losses on the sale of long-term investments normally would be reported in the Other Income or Other Loss section of the income statement. 4- Free cash flow is the measure of operating cash flow available for corporate purposes after providing sufficient fixed asset additions to maintain current productive capacity and dividends.