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Unformatted text preview: quarter last year, and net income from operations for the current quarter totaled $16.1 million of $0.83 per diluted share. Operating results for the fourth quarter of 2001 included an unusual pretax gain of $2.2 million ($1.3 million net of tax or $0.07 per diluted share) recorded in connection with the resolution of a loss contingency related to a partnership interest. Questions: 1. How might Kindred have recorded a gain in connection with the resolution of a loss contingency. 2. Template the journal entries....
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This note was uploaded on 03/16/2010 for the course BUSACC 1205 taught by Professor Boyas during the Spring '10 term at Pittsburgh.
- Spring '10