12. The amount reported for discontinued operations is reported by: a. A restatement of retained earnings and other effected accounts in the year of the disposal. b. A restatement of income statement components and the discontinued segments operating income (loss) separately disclosed, net of tax effects. c. No restatement of income statement components but the discontinued segments operating income (loss) is separately disclosed, net of tax effects. d. A restatement of income statement components and the discontinued segments operating income (loss) separately disclosed, before any tax effects. 13. Which of the following is not true about EPS? a. It must be reported by all corporations whose stock is publicly traded. b. It may be disclosed either on the face of the income statement or in a disclosure note. c. It must be reported separately for discontinued operations. d. It must be reported separately for extraordinary items 14. Cash flows from investing does not include cash flows from: a. The purchase of a building c. Borrowing b. The sale of equipment. d. Purchasing another companys securities