会计学清华大学已有收入与支出学生大软件站

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1、Chapter12IncomeandChangesinRetainedEarningsReportingtheResultsofOperationsThistaxexpensedoesnotincludeeffectsofunusual,nonrecurringitems.Theseunusual,nonrecurringitemsareeachreportednetoftaxes.DiscontinuedOperationsIncome/Lossfromoperatingthesegmentpriortod

2、isposal.DiscontinuedOperationsIncome/Lossondisposalofthesegment.Whenmanagemententersintoaformalplantosellordiscontinueasegmentofthebusiness.DiscontinuedOperationsWhenmanagemententersintoaformalplantosellordiscontinueasegmentofthebusiness.Asegmentmustbeasepa

3、ratelineofbusinessactivityoranoperationthatservicesadistinctcategoryofcustomers.During2000,ApexCo.soldanunprofitablesegmentofthecompany.Thesegmenthadanetlossfromoperationsduringtheperiodof$150,000anditsassetssoldatalossof$100,000.Apexreportedincomefromconti

4、nuingoperationsof$350,000.Allitemsaretaxedat30%.Howwillthisappearontheincomestatement?DiscontinuedOperationsExampleDiscontinuedOperationsExampleIncomeStatementPresentation:DiscontinuedOperationsExampleMaterialinamount.Gainsorlossesthatarebothunusualinnatur

5、eandnotexpectedtorecurintheforeseeablefuture.Reportednetofrelatedtaxes.ExtraordinaryItemsDuring2000,ApexCo.experiencedalossof$75,000duetoanearthquakeatoneofitsmanufacturingplantsinNashville.Thiswasconsideredanextraordinaryitem.Thecompanyreportedincomebefore

6、extraordinaryitemof$175,000.Allgainsandlossesaresubjecttoa30%taxrate.Howwouldthisitemappearonthe2000incomestatement?ExtraordinaryItemsExampleExtraordinaryItemsExampleIncomeStatementPresentation:ExtraordinaryItemsExampleAccountingChangesChangeinAccounting

7、PrincipleOccurswhenchangingfromoneGAAPmethodtoanotherGAAPmethod.Makeacatch-upadjustmentknownasthecumulativeeffectofachangeinaccountingprinciple.Thecumulativeeffectisreportednetoftaxesandafterextraordinaryitems.ChangeinAccountingPrincipleExampleAlsoin2000,Ap

8、exCo.decidedtochangefromthedouble-decliningbalancetothestraight-linemethodfordepreciation.Theeffectofthischangeisanincreaseinnetincomeof$65,000.Apexreportedincomebeforecumulativeeffectofanaccountingcha