Wiley GAAP: Financial Statement Disclosure Manual. Joanne M. Flood

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Net income Earnings per share information Other comprehensive income Foreign currency translation adjustments Unrealized gains (losses) on securities Adjustments related to pension liabilities or assets Gains/losses on cash‐flow hedging items Gains/losses on hedges of forecasted foreign‐currency‐denominated transactions Reclassification adjustment (may be shown gross or net of tax, details may be disclosed in note) Income tax related to other comprehensive income (if components are not shown net of tax) Comprehensive income Earnings per share information

Example 5.2: A Multiple‐Step Format for Income from Continuing Operations

Sales:
Sales		$xxx
Less: Sales discounts		$xxx
Sales returns and allowances		xxx	(xxx)
Net sales			$xxx
Cost of goods sold			xxx
Gross profit			$xxx
Operating expenses:
Selling expenses
Sales salaries	$xxx
Commissions	xxx
Advertising expense	xxx
Delivery expense	xxx
Selling supplies expense	xxx
Depreciation of store furniture and equipment	xxx	$xxx
General and administrative expenses
Officers’ salaries	$xxx
Office salaries	xxx
Bad debts expense	xxx
Office supplies expense	xxx
Depreciation of office furniture and fixtures	xxx
Depreciation of building	xxx
Insurance expense	xxx
Utilities expense	xxx	xxx
Total operating expense		(xxx)
Operating income
Other revenues:			$xxx
Dividend income		$xxx
Gain on business acquisition (“bargain purchase”)		xxx
Interest income		xxx	xxx
Other expenses:
Interest expense			(xxx)
Income from continuing operations			$xxx

Example 5.3: A Single‐Step Format for Income from Continuing Operations

Revenues:
Sales (net of discounts and returns and allowances)	$xxx
Gain on sale of equipment	xxx
Interest income	xxx
Dividend income	xxx Скачать книгу В начало < 36 37 38 39 40 41 42 43 44 45 > В конец e-mail: [email protected]