《会计:CHAP12~1.ppt》由会员分享,可在线阅读,更多相关《会计:CHAP12~1.ppt(42页珍藏版)》请在文库网上搜索。
1、?The McGraw-Hill Companies, Inc., 1999Slide 12-1Irwin/McGraw-HillChapter 12Income and Changes in Retained Earnings?The McGraw-Hill Companies, Inc., 1999Slide 12-2Irwin/McGraw-HillReporting the Results of Operationse rting the esults of perationsIncomefromcontinuingoperations.Normal, recurringrevenue
2、 and expensetransactions.1. The results ofdiscontinuedoperations.2. The impact ofextraordinaryitems.3. The effects ofchanges inaccountingprinciples.Unusual, nonrecurringevents that affectnet income.Information about net income is usedby investors, creditors, and otherfinancial statement users.?The M
3、cGraw-Hill Companies, Inc., 1999Slide 12-3Irwin/McGraw-Hill?The McGraw-Hill Companies, Inc., 1999Slide 12-4Irwin/McGraw-HillThis tax expense does not include effects of unusual, nonrecurring items.This tax expense does not include effects of unusual, nonrecurring ite s.?The McGraw-Hill Companies, In
4、c., 1999Slide 12-5Irwin/McGraw-HillThese unusual, nonrecurring items are each reported net of taxes.These unusual, nonrecurring ite s are each reported net of taxes.?The McGraw-Hill Companies, Inc., 1999Slide 12-6Irwin/McGraw-HillDiscontinued Operationsisc ntinue rationsIncome/Loss from operating th
5、e segment prior to disposal.Discontinued OperationsIncome/Loss on disposal of the segment.When management enters into a formal plan to sell or discontinue a segment of the business.hen anage ent enters into a for al plan to sell or discontinue a seg ent of the business.?The McGraw-Hill Companies, In
6、c., 1999Slide 12-7Irwin/McGraw-HillDiscontinued Operationsisc ntinue rationsWhen management enters into a formal plan to sell or discontinue a segment of the business.hen anage ent enters into a for al plan to sell or discontinue a seg ent of the business.A segment must be a separate line of busines
7、s activity or an operation that services a distinct category of customers.A seg ent ust be a separate line of business activity or an operation that services a distinct category of custo ers.?The McGraw-Hill Companies, Inc., 1999Slide 12-8Irwin/McGraw-HillDuring 2000, Apex Co. sold an unprofitable s
8、egment of the company. The segment had a net loss from operations during the period of $150,000 and its assets sold at a loss of $100,000. Apex reported income from continuing operations of $350,000. All items are taxed at 30%. How will this appear on the income statement?ring 2000, Apex Co. sold an
9、 unpr fitable ent f the co pany. The segme t had a net l ss fr operations during the perio f $150,000 and its assets sol at a loss f $100,000. Apex reported income fr continuing operations of $350,000. All items are taxe at 30%. How will t is appear on the inco e statementDiscontinued OperationsExampleisc ntinue rationsExa le?The McGraw-Hill Companies, Inc., 1999Slide 12-9Irwin/McGraw-HillDiscontinued Operations Exampleisc ntin rations Example?The McGraw-Hill Companies, Inc., 1999Slide 12-10Irwin/McGraw-HillIncome Statement Presentation:Discontinued Operations Exampleisc ntin rations Example