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Unformatted text preview: Income from continuing operations X Y Y "THE LINE" (= NET INCOME if no items below) Discontinued operations X(X) Y Y G/L from disposal of a business segment Extraordinary items X(X) Y Y Unusual and infrequent gains and losses (rare) Cumulative effect of acctg changes X(X) Y Y No longer; restatement or prospective after 2005; versus changes in accounting estimates NET INCOME X Y Y "Bottom line" Closed to retained earnings Comprehensive income items X(X) Y N Pension, securities, derivatives, currency adjustments Comprehensive income X Y N Current items closed to AOCI 118...
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This note was uploaded on 09/09/2009 for the course ECON 118 taught by Professor Loster during the Spring '07 term at UCSB.
- Spring '07