会计学课件(英文版)6.pptxVIP

Slide 12-1Chapter 12Income and Changes in Retained Earnings?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1Reporting the Results of Operations?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1This tax expense does not include effects of unusual, nonrecurring items.?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1These unusual, nonrecurring items are each reported net of taxes.?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1Discontinued 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.?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1Discontinued 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 ofcustomers.?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1During 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?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1Discontinued Operations Example?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1Income Statement Presentation:Discontinued Operations Example?The McGraw-Hill Companies, Inc., 1999Irwin/McGraw-Hill Slide 12-1?Material in amount. ?Gains or losses that are both unusual innature and not expected to recur inthe foreseeable future.?Reported net of related taxes.Extraordinary Items?The McGraw-Hill Companies, Inc., 199