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QUESTION 1 10 Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. ADirect method .Reports the cash effects of each operating activity directly on the Multiple-step income statement Gain/loss from sale of investments Discontinued operations statement. B. Reported net of tax immediately after income from continuing C. Reports intermediate subtotals in arriving at net income. Reported in the nonoperating section of the income statement. B Comprehensive income E.Total nonowner changes in equity for a reporting period