Question 43 (2 points) Select the correct order for the following items appearing in an income statement prepared accounting to US Generally Accepted Accounting Principles: 1) Income from Continuing Operations 2) Discontinued Operations 3) Prior period adjustments 4) Taxes on income from continuing operations 5) Dividends 6) Net income 7) Revenues 8) Expenses Question 44 (2 points) Which of the following, if any, should be presented net of tax AND with its own separate Earning per Share disclosure: Net Operating Income O A Prior Period Adjustment to the Beginning Retained Earnings balance O Non-Operating Income Net income from Discontinued Operations None of the above get both a separate tax and EPS disclosure Question 45 (2 points) Which of the following most likely qualifies as a discontinued operation Disposal of a part of a line of business Planned and approved sale of a reporting segment Phasing out of an older product, while continuing other products O Costs related to changes in product design Question 46 (2 points) Which of the following statements about Property and Equipment is TRUE? O Property and Equipment should be carried at cost less accumulated depreciation Property and Equipment should be carried at appraised value less accumulated depreciation. Property and Equipment should be carried at the disposal value less accumulated depreciation Property and Equipment is a type of Intangible Asset