操作结果报告.pptxVIP

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;;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?;;;Material in amount. Gains or losses that are both unusual in nature and not expected to recur in the foreseeable future. Reported net of related taxes.;During 2000, Apex Co. experienced a loss of $75,000 due to an earthquake at one of its manufacturing plants in Nashville. This was considered an extraordinary item. The company reported income before extraordinary item of $175,000. All gains and losses are subject to a 30% tax rate. How would this item appear on the 2000 income statement?;Extraordinary Items Example;;;Change in Accounting Principle;Change in Accounting Principle Example;Change in Accounting Principle Example;Computation:;Change in Estimates;Change in EstimatesExample;;Let’s move on to a few final topics.;Price-earnings Ratio (P/E);Earnings Per Share (EPS);Earnings Per Share (EPS) -Partial Income Statement ;Earnings Per Share (EPS) -Partial Income Statement ;Earnings Per Share (EPS);Accounting for Cash Dividends;Dividend Dates;Dividend Dates;Dividend Dates;Date of Payment Record the payment of the dividend to stockholders.;Dividend DatesQuestion;On June 1, 1999 a corporation抯 board of directors declared a dividend for the 2,500 shares of its $100 par value, 8% preferred stock. The dividend will be paid on July 15. Which of the following will be included in the July 15 entry? a. Debit Retained Earnings $20,000. b. Debit Dividends Payable $20,000. c. Credit Dividends Payable $20,000. d. Credit Preferred Stock $20,00