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8ReportingIncome - Reporting Income for a Corporation T14...

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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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