CH 4 SUMMARY - MULTIPLE STEP FORMAT SUMMARY Revenues COS...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
MULTIPLE STEP FORMAT SUMMARY: Revenues A COS B Gross Profit C=A-B Operating expenses* D Operating Income E=C-D Non-operating** F Income before income taxes G=E+F Income taxes H Income from continuing operations I=G-H Discontinued operations NET OF TAX FROM HERE DOWN Operations, net of tax of $xxx J Gain/ Loss on disposition, net of tax of $xxx K Income before extraord. Items L=I+J+K Extraordinary Item/s, net of tax of $xxx M NET INCOME NI=L+M Earnings per share: Income from continuing operations I ÷ weighted avg. shares outstanding Income from disc. Ops J ÷ weighted avg. shares outstanding Gain/ Loss from disposal of disc. Op K ÷ weighted avg. shares outstanding Incombe b4 ex. Items & c.e.o.c.i.a.p L ÷ weighted avg. shares outstanding Extraord. Gain/ loss M ÷ weighted avg. shares outstanding NET INCOME NI ÷ weighted avg. shares outstanding Note: Diluted EPS covered later in the 136 series. * May be several items, like Selling, general & admin., depreciation, etc.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern