ACCT-3110 Lecture 4: Chapter 4 Lecture notes
23 Apr 2018
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Infrequent: not reasonably expected to occur, given the environment in which the company operates. Operations: results of operations of the component that has been/will be disposed of, gain/loss from disposal of the component. Outstanding: presentation: eps is disclosed on the face of the income statement, eps related to discontinued operations must be disclosed separately on the income statement, eps for discontinued operations is always negative. Know the difference between comprehensive income, other comprehensive income, and accumulated other comprehensive income, and how these are reported in the financial statements: comprehensive income: includes all changes in equity during a period. Understand how the statement of stockholders" equity is formatted, and those items that affect the statement: comprised of, contributed capital: common stock, preferred stock, and additional paid in capital, retained earnings, accumulated balances in other comprehensive income. Know the items that affect retained earnings and how to calculate retained earnings: calculation:
