Which of the following is not a generally practiced method of presenting the income statement?

a. Including prior period adjustments in determining net income

b. The single-step income statement

c. The consolidated statement of income

d. Including gains and losses from discontinued operations of a component of a business in determining net income

2.. Catt Company, with an applicable income tax rate of 30%, reported net income of $560,000. Included in income for the period was a loss from discontinued operations of $80,000 before deducting the related tax effect. The company's income from continuing operations was

a. $640,000.

b. $800,000.

c. $880,000.

d. $616,000.

3. Refer to the previous question. The amount reported asincome from continuing operations before income tax is:

a. $640,000.

b. $800,000.

c. $880,000.

d. $616,000.

4. Refer to the previous two questions. The amount reported asincome tax expense on the income statement is:

a. $288,000

b. $264,000

c. $240,000

d. $24,000

5. Nance Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2016, included the following expense accounts:

Accounting and legal fees $240,000

Advertising 300,000

Freight-out 150,000

Freight-in 20,000

Interest 120,000

Loss on sale of long-term investments 60,000

Cost of goods sold 530,000

Officers' salaries 360,000

Rent for office space 320,000

Sales salaries and commissions 220,000

One-half of the rented premises is occupied by the sales department.

How much of the expenses listed above should be included in Nance's selling expenses for 2016?

a. $520,000.

b. $670,000.

c. $680,000.

d. $830,000.

just need the solutions for these thank you