Income and Changes in Retained Earnings英文版会计学.pptVIP

Chapter 12;Reporting the Results of Operations;This tax expense does not include effects of unusual, nonrecurring items.;These unusual, nonrecurring items are each reported net of taxes.;Discontinued Operations;Discontinued Operations;During 2000, Apex Co. sold an unprofitable segment of the company. The segment had a net loss from operations during the period of $150,000 and its assets sold at a loss of $100,000. Apex reported income from continuing operations of $350,000. All items are taxed at 30%. How will this appear on the income statement?;Discontinued Operations Example;Income Sta