Its primary effect is to tighten the requirements for treating the disposal of a component of a business as a
discontinued operation.
Part of the new definition of
discontinued operation is based on elements of the definition of
discontinued operations in IFRS 5, Non-Current Assets Held for Sale and
Discontinued Operations.
FAS #144 expanded the
discontinued operation provisions so that more disposal situations would likely trigger the display of
discontinued operations.
A company that does not report a
discontinued operation but reports an extraordinary item or cumulative effect of an accounting change should report basic EPS for net income before extraordinary items or net income before accounting change and net income on the face of the income statement.
TecMo was treated as a
discontinued operation in the first-quarter 2006 and the prior year financial statements are also reclassified accordingly.
million from
discontinued operations, net income was $1.
M2 EQUITYBITES-April 14, 2014--FASB issues
discontinued operations guidance
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.
41 per diluted earnings per share which includes income from
discontinued operations net of minority interest of $14.
7 million in losses from
discontinued operations, the net
