p27 - Income Statement and Related Information 4 23 Ex...

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Income Statement and Related Information 4 - 23 Ex. 4-88 —Terminology. In the space provided, write the word or phrase that is defined or indicated. 1. Net income minus preferred dividends divided by the weighted average of shares outstanding. 1. ________________________________ 2. All changes in equity during a period except those resulting from investments by owners and distributions to owners. 2. ________________________________ 3. A correction of an error is reported as a 3. ________________________________ 4. An event or transaction which is unusual in nature and infrequent in occurrence. 4. ________________________________ 5. The income statement category for a disposal of a component of a business. 5. ________________________________ 6. Relating tax expense to specific items on the income statement. 6. ________________________________ Solution 4-88 1. Earnings per share. 2. Comprehensive income. 3. Prior period adjustment.
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This note was uploaded on 11/03/2011 for the course ACCT 3223 taught by Professor Peck during the Spring '11 term at Texas State.

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p27 - Income Statement and Related Information 4 23 Ex...

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