The single-step format of the income statement does not separately report nonoperating gains in the revenues section of the income statement.
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Q7: Earnings quality refers to the ability of
Q8: Income from continuing operations consists only of
Q9: Gains, but not losses, from discontinued operations
Q10: The multiple-step format of the income statement
Q11: Intraperiod tax allocation is the process of
Q13: Material errors in prior periods' income statements
Q14: Income from continuing operations sometimes includes gains
Q15: Earnings per share disclosure is required only
Q16: Comprehensive income is the total change in
Q17: Changes in estimates are accounted for using
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