【正文】 o l d 4 , 5 0 0 , 0 0 0 G r o s s m a r g i n 3 , 5 0 0 , 0 0 0$ O p e r a t i n g e x p e n s e s : S e l l i n g e x p e n s e s 1 , 5 0 0 , 0 0 0$ G e n e r a l A d m i n . e x p . 9 2 0 , 0 0 0 L o s s o n s e t t l e m e n t o f l a w s u i t 8 0 , 0 0 0 I n c o m e t a x e s 3 0 0 , 0 0 0 2 , 8 0 0 , 0 0 0 I n c o m e f r o m C o n t i n u i n g O p e r a t i o n s 7 0 0 , 0 0 0$ D i s c o n t i n u e d O p e r a t i o n s 2 4 5 , 0 0 0 E x t r a o r d i n a r y I t e m s ( 7 0 , 0 0 0 ) C u m u l a t i v e e f f e c t o f a c h a n g e i n a c c o u n t i n g p r i n c i p l e 1 4 0 , 0 0 0 N e t i n c o m e 1 , 0 1 5 , 0 0 0$ These unusual, nonrecurring items are each reported of taxes. ?The McGrawHill Companies, Inc., 1999 Slide 126 Irwin/McGrawHill Discontinued Operations Ine/Loss from operating the segment prior to disposal. Discontinued Operations Ine/Loss on disposal of the segment. When management enters into a formal plan to sell or discontinue a segment of the business. ?The McGrawHill Companies, Inc., 1999 Slide 127 Irwin/McGrawHill Discontinued Operations When management enters into a formal plan to sell or discontinue a segment of the business. A segment must be a separate line of business activity or an operation that services a distinct category of customers. ?The McGrawHill Companies, Inc., 1999 Slide 128 Irwin/McGrawHill During 2023, Apex Co. sold an unprofitable segment of the pany. The segment had a loss from operations during the period of $150,000 and its assets sold at a loss of $100,000. Apex reported ine from continuing operations of $350,000. All items are taxed at 30%. How will this appear on the ine statement? Discontinued Operations Example ?The McGrawHill Companies, Inc., 1999 Slide 129 Irwin/McGrawHill Discontinued Operations Example Lo s s on s e gm e nt op e r a t i on s ( 1 5 0 , 0 0 0 )$ Le s s : Ta x be ne f i t s ( $ 1 5 0 , 0 0 0 ? 3 0 % ) 4 5 , 0 0 0 N e t l os s ( 1 0 5 , 0 0 0 )$ Lo s s on di s po s a l of a s s e t s ( 1 0 0 , 0 0 0 )$ Le s s : Ta x be ne f i t s ( $ 1 0 0 , 0 0 0 ? 3 0 % ) 3 0 , 0 0 0 N e t l os s ( 7 0 , 0 0 0 )$ ?The McGrawHill Companies, Inc., 1999 Slide 1210 Irwin/McGrawHill I n c o m e f r o m c o n t i n u i n g o p e r a t i o n s 3 5 0 , 0 0 0$ D i s c o n t i n u e d o p e r a t i o n s : L o s s o n o p e r a t io n s ( n e t o f t a x b e n e f it o f $ 4 5 ,0 0 0 ) ( 1 0 5 , 0 0 0 ) L o s s o n d is p o s a l o f a s s e t s ( n e t o f t a x b e n e f it s o f $ 3 0 ,0 0 0 ) ( 7 0 , 0 0 0 ) E a r n i n g s b e f o r e e x t r a o r d i n a r y i t e m 1 7 5 , 0 0 0$ Ine Statement Presentation: Discontinued Operations Example ?The McGrawHill Companies, Inc., 1999 Slide 1211 Irwin/McGrawHill ?Material in amount. ?Gains or losses that are both unusual in nature and not expected to recur in the foreseeable future. ?Reported of related taxes. Extraordinary Items ?The McGrawHill Companies, Inc., 1999 Slide 1212 Irwin/McGrawHill During 2023, Apex Co. 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 pany reported ine before extraordinary item of $175,000. All gains and losses are subject to a 30% tax rate. How would this item appear on the 2023 ine statement? Extraordinary Items Example ?The McGrawHill Companies, Inc., 1999 Slide 1213 Irwin/McGrawHill Extraordinary Items Example E x t r a or di na r y Los s ( 7 5 , 0 0 0 )$ Le s s : Ta x B e ne f i t s ( $ 7 5 , 0 0 0 ? 3 0 % ) 2 2 , 5 0 0 N e t Los s ( 5 2 , 5 0 0 )$