Chapter 4 The Income Statement and Statement of Cash Flows31

Chapter 4 The Income Statement and Statement of Cash Flows31

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 4-11 Requirement 1 This is a change in accounting estimate. Requirement 2 $2,400,000 Cost $240,000 Previous annual amortization ($2,400,000 ÷ 10 years) x 2 1 / 2 yrs. 600,000 Amortization to date (2009-2011) 1,800,000 Book value __ ÷ 5 yrs. Estimated remaining life
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (given) $ 360,000 New annual amortization Exercise 4-12 Earnings per share: Income from continuing operations $5.00 Loss from discontinued operations (1.60) Extraordinary gain 2 .20 Net income $5 .60...
View Full Document

Ask a homework question - tutors are online