Reporting the results of operations : reporting the effects of disposal of a segment of a business, and extraordinary, unusual and infrequently occurring events and transactions;

              OPINIONS OF THE ACCOUNTING PRINCIPLES BOARD
Reporting the Results of Operations-
Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions
CONTENTS
Paragraph Numbers
Introduction 1-3
Discussion 4-6
Applicability 7
Opinion 8-26
Income Statement Presentation and Disclosure 8-12
Discontinued Operations of a Segment of a Business 8-9
Extraordinary Items 10-12
Accounting for the Disposal of a Segment of a Business 13-18
Definition of Measurement and Disposal Dates 14 Determination of Gain or Loss on Disposal of a
Segment of a Business 15-17
Disclosure 18
Criteria for Extraordinary Items 19-24
Unusual Nature 21
Infrequency of Occurrence 22-23
Materiality 24
Adjustment of Amounts Reported in Prior Periods 25
Disclosure of Unusual or Infrequently Occurring Items 26
Effective Date 27
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1973 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC. 666 FIFTH AVENUE. NEW YORK, NEW YORK 10019
JUNE 1973
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