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Unformatted text preview: Give some examples of items are usual or infrequent but not both. Give some examples of changes in accounting principle. What period does a change in estimate effect? Objective 5: Explain intraperiod tax allocation. What does “intraperiod tax allocation” mean? What items on the income statement use intraperiod tax allocation? Objective 6: Indentify where to report earnings per share information. State the formula for earnings per share. EPS= What line items must EPS be shown for? 2 Objective 7: Prepare a retained earnings statement. What items are shown on a retained earnings statement? For what reasons might retained earnings be restricted? Objective 8: Explain how to report other comprehensive income. Define comprehensive income. What are the 3 ways to disclose comprehensive income in the financial statements? 1. 2. 3. Where is “Accumulated Other Comprehensive Income” included in financial statements? 3...
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