Income-and-Changes-in-Retained-Earnings英文版会计学.ppt

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1、Chapter12IncomeandChangesinRetainedEarningsReportingtheResultsofOperationsThistaxexpensedoesnotincludeeffectsofunusual,nonrecurringitems.Theseunusual,nonrecurringitemsareeachreportednetoftaxes.DiscontinuedOperationsIncome/Lossfromoperatingthesegmentpriortodisposal.Discontinu

2、edOperationsIncome/Lossondisposalofthesegment.Whenmanagemententersintoaformalplantosellordiscontinueasegmentofthebusiness.DiscontinuedOperationsWhenmanagemententersintoaformalplantosellordiscontinueasegmentofthebusiness.Asegmentmustbeaseparatelineofbusinessactivityoranoperat

3、ionthatservicesadistinctcategoryofcustomers.During2000,ApexCo.soldanunprofitablesegmentofthecompany.Thesegmenthadanetlossfromoperationsduringtheperiodof$150,000anditsassetssoldatalossof$100,000.Apexreportedincomefromcontinuingoperationsof$350,000.Allitemsaretaxedat30%.Howwil

4、lthisappearontheincomestatement?DiscontinuedOperationsExampleDiscontinuedOperationsExampleIncomeStatementPresentation:DiscontinuedOperationsExampleMaterialinamount.Gainsorlossesthatarebothunusualinnatureandnotexpectedtorecurintheforeseeablefuture.Reportednetofrelatedtaxes.E

5、xtraordinaryItemsDuring2000,ApexCo.experiencedalossof$75,000duetoanearthquakeatoneofitsmanufacturingplantsinNashville.Thiswasconsideredanextraordinaryitem.Thecompanyreportedincomebeforeextraordinaryitemof$175,000.Allgainsandlossesaresubjecttoa30%taxrate.Howwouldthisitemappea

6、ronthe2000incomestatement?ExtraordinaryItemsExampleExtraordinaryItemsExampleIncomeStatementPresentation:ExtraordinaryItemsExampleAccountingChangesChangeinAccountingPrincipleOccurswhenchangingfromoneGAAPmethodtoanotherGAAPmethod.Makeacatch-upadjustmentknownasthecumulativee

7、ffectofachangeinaccountingprinciple.Thecumulativeeffectisreportednetoftaxesandafterextraordinaryitems.ChangeinAccountingPrincipleExampleAlsoin2000,ApexCo.decidedtochangefromthedouble-decliningbalancetothestraight-linemethodfordepreciation.Theeffectofthischangeisanincreaseinn

8、etincomeof$65,000.Apexreportedincomebeforecumulativeeffectofanaccountingcha