Partial Income Statement Preparation
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Discontinued Operation
A component of an entity that has been disposed of or is classified as held for sale, and represents a separate major line of business or geographical area of operations.
Partial Income Statement
A financial statement that shows the revenues and expenses of a company for a specific period, starting with a specific line item such as income from continuing operations.
Income from Continuing Operations
Profit earned from primary business activities, excluding one-time gains or losses.
Net of Tax
The amount after accounting for the effect of taxes.
After-Tax Loss
The loss incurred by a company after accounting for the impact of taxes.
Common Stock Outstanding
The total number of shares of a company's stock held by shareholders.
