lecture6 - + Income from Discontinued Operations (net of...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCT 3220/Sep 3, 2010 1 Income Statement General Format Sales Revenue - Cost of Goods Sold = Gross (Profit) Margin + Other Revenues or Gains - Operating Expenses - Other Expenses and Losses = Net Income Before Taxes - Tax Expense = Net Income (unless there are further adjustments for specific special items: D or C) = Operating Income Income Statement General Format
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
ACCT 3220/Sep 3, 2010 2 Income Statement General Format Net Income / Common Shares Outstanding = Earnings Per Share Primary EPS ignores potential dilution Diluted EPS corrects for potential dilution Income Statement General Format
Background image of page 2
ACCT 3220/Sep 3, 2010 3 Income Statement General Format Sales Revenue - Cost of Goods Sold = Gross (Profit) Margin + Other Revenues or Gains - Operating Expenses - Other Expenses and Losses = Net Income Before Taxes - Tax Expense = Net Income Before Special Items: D or C = Operating Income
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: + Income from Discontinued Operations (net of tax) -Loss from Disposal of Discontinued Operations (net of tax) + Effect of Change in Accounting Principal if allowed by the standards (net of tax) = Net Income ACCT 3220/Sep 3, 2010 4 ACCT 3220/Sep 3, 2010 5 Comprehensive Income Statement General Format Sales Revenue -Cost of Goods Sold = Gross (Profit) Margin + Other Revenues or Gains -Operating Expenses -Other Expenses and Losses = Net Income Before Taxes -Tax Expense = Net Income Before Special Items: D or C = Operating Income + Income from Discontinued Operations (net of tax) -Loss from Disposal of Discontinued Operations (net of tax) + Effect of Change in Accounting Principal if allowed by the standards (net of tax) = Net Income + Other Comprehensive Income = Comprehensive Income ACCT 3220/Sep 3, 2010 6 ACCT 3220/Sep 3, 2010 7...
View Full Document

Page1 / 7

lecture6 - + Income from Discontinued Operations (net of...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online