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
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