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Chapter 04
77
TO THE NET
2. a. Net sales
b. Income from operations
c. Interest expenses
d. Diluted earnings per share
earnings per share.
interest expense.
3. a. a. Business industries
(a) Transportation
b. Operating revenue
c. Operating income
d. Operating revenue and operating income declined materially in 2009 and
e. Income from discontinued operations
Chapter 04
78
f. Diluted earnings per share of common stock
2010
2009
2008
Continuing operations
$
1.42
$
0.22
$
2.08
Discontinued operations
0.80
0.86
1.11
Net income
$
2.22
$
1.08
$
3.19
Discontinued operations were very material
4. a. Goodwill arises from the acquisition of a business for a sum greater than the
physical asset value, usually because the business has unusual earnings.
b. Balance of goodwill
c. Goodwill impairment charge
by the economic conditions at the time and responses to competitive actions
in Southern California. As a result of this decline in current and future
goodwill remains at the Ralphs reporting unit.” 10-K
5. a. Occidental Petroleum
A separate statement of comprehensive income
b. Arden Group, Inc.
c. Presentation at the bottom of the income statement should be best for the
user. This should help the reader understand the difference between net
income and comprehensive income.
