会计学—企业决策的基础—14版—12.ppt

;Learning Objective;Information about net income can be divided into two major categories;This tax expense does not include effects of unusual, nonrecurring items.;Income/Loss from operating the segment prior to disposal.;A segment must be a separate line of business activity or an operation that services a distinct category of customers.;During 2007, Matrix, Inc. sold an unprofitable segment of the company. The segment had a net loss from operations during the period of $150,000 and a loss on the sale of its assets of $100,000. Matrix reported income from continuing operations of $1,750,000. All items are taxed at 30%. How will this appear on the income statement?;Discontinued Operations;Income Statement Presentation:;Extraordinary Items;During 2007, Matrix, Inc. experienced a loss of $75,000 due to an earthquake at one of its manufacturing plants in Nashville. This was considered an extraordinary item. The company reported income before extraordinary item of $1,575,000. All gains and losses are subject to a 30% tax rate. How would this item appear on the 2007 income statement?;Income Statement Presentation:;Let’s move on to a few final topics.;Learning Objective;A measure of the company’s profitability and earning power for the period.;Remember that Matrix, Inc. has income from continuing operations of $1,750,000. The after-tax loss from discontinued operations was $175,000 and the extraordinary loss was $52,500. Assume that Matrix has 156,250 weighted average shares outstanding. Prepare a partial income statement showing the EPS for income from continuing operations and for the other special items. ;* Rounded.;If preferred stock is present, subtract preferred dividends from net income prior to computing EPS.;Learning Objective;Basic and Diluted Earnings per Share;Often, the Price-Earnings Ratio is used to evaluate the reasonableness of a company’s stock price.;Learning Objective;Declared by Board of Directors.;Date of Declaration Board of Directors de