Unformatted text preview: Reporting Income for a Corporation T14+~3 Income from Continuing Uporations - Helps users make predictions about future earnings - Income that is expected to continue Discontinued ﬂip-stations - Shows the results of a sale of a segment of a business
- 1|il'ieilvired as a one-time transaction Extraordinary Gains and Losses - Items that are both unusual and infrequent Cumulative Effect of a Change in Accounting
Principie +- The cumulative effect that a change in accounting
method would have had on prior years net income Earnings per share +- lndicates the amount of a company's net income per
share of its outstanding common stock * Calculated as: Net income - Preferred dividends
Weighted-average number of common shares outstanding ...
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- Spring '08