Discuss the common reporting characteristics of discontinued operations and extraordinary items in the financial statements
Some companies report either or both discontinued operations and extraordinary items on their income statements. Although the nature of these two items is very distinct, the two do share some common characteristics. First, they are all reported near the end of the income statement, after income from continuing operations. Second, they are reported separately on the income statement to call the reader's attention to their unique nature and to the fact that any additions to or deductions from income they give rise to may not necessarily reoccur in future periods. Finally, each of these items is shown net of their tax effects. This means that any additional taxes due because of them or any tax benefits from them are deducted from the items themselves.
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Key elements of self-leadership include:
a. strategies to impact physical world and meta-physical world b. strategies to impact physical world and leading ourselves within a team c. strategies to exercise control over ourselves and control the physical world d. beliefs and control over team leadership
Which statement about inventory costing methods is true?
a. All statements are true. b. During periods of rising prices, using FIFO offers an income tax savings. c. When LIFO is used during a period of rising prices, the company's gross profit will be higher. d. If the cost of units does not change, all three methods will yield the same results.
____________________ are used for situations in which we need to repeat a line or lines of code within our block.
Fill in the blank(s) with the appropriate word(s).
Seated ____ the CEO is the executive vice president
A) beside B) besides