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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- Spring '10
- Generally Accepted Accounting Principles, Louisville, Kentucky, Kindred Healthcare, diluted share, Kindred Healthcare, Inc.