操作结果报告.pptVIP

Chapter 12Income and Changes in Retained Earnings第一页，共四十三页。 Reporting the Results of Operations第二页，共四十三页。 第三页，共四十三页。 This tax expense does not include effects of unusual, nonrecurring items.第四页，共四十三页。 These unusual, nonrecurring items are each reported net of taxes.第五页，共四十三页。 Discontinued OperationsIncome/Loss from operating the segment prior to disposal.Discontinued OperationsIncome/Loss on disposal of the segment.When management enters into a formal plan to sell or discontinue a segment of the business.第六页，共四十三页。 Discontinued OperationsWhen management enters into a formal plan to sell or discontinue a segment of the business.A segment must be a separate line of business activity or an operation that services a distinct category of customers.第七页，共四十三页。 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第八页，共四十三页。 Discontinued Operations Example第九页，共四十三页。 Income Statement Presentation:Discontinued Operations Example第十页，共四十三页。 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.Extraordinary Items第十一页，共四十三页。 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第十二页，共四十三页。 Extraordinary Items Example第十三页，共四十三页。 Income Statement Presentation:Extraordinary Items Example第十四页，共四十三页。 Accounting Changes第十五页，共四十三页。 Change in Accounting PrincipleOccurs when changing from