In April 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations
and Disclosures of Disposals of Components of an Entity, which is effective for fiscal years beginning after December 15, 2014.
million from discontinued operations
, net income was $1.
BANKING AND CREDIT NEWS-April 14, 2014--FASB issues discontinued operations
M2 EQUITYBITES-April 14, 2014--FASB issues discontinued operations
The primary subject manner of this case concerns the proper financial reporting of gains or losses on discontinued operations
per Generally Accepted Accounting Principles (GAAP).
standards in accounting for discontinued operations
In 2002, the net loss included the negative charge of $1,048,000 for the marketable securities and $1,350,000 provision for loss on the four commercial properties, both items mentioned above, $315,000 for preferred share dividends, and $73,000 loss from discontinued operations
of the technology segment.
In 1991, PerfectData bought a modem manufacturer, but discontinued operations
in 1995 when it couldn't compete with rivals whose lower-priced products sported more advanced features.
7 million in losses from discontinued operations
, the net
One, Disposal of Non-current Assets and Presentation of Discontinued Operations
, proposes that assets a company expects to sell and that meet specific criteria should be measured at the lower of carrying amount and fair value less selling costs, should not be depreciated and should be presented separately in the balance sheet.