Extraordinary
v. merely unusual
Read Chapter 6: pp. 240-248; Gernon Chapter 2
Do P6-2 (Multi-step Income Statement)
A summary of SFAS 146, Accounting for Costs Associated with Exit or Disposal Activities
Assignments: Weeks of October 21 and October 28
10/21-10/22 Fall Break
10/25 The Income Statement
Discontinued operations
Read: Chapter 6: pp. 236-240Do P 5-1 (This is much easier if you set up a spreadsheet.)
Chapter 5 multiple choice review
Journal entries 10/14, 10/15 and 10/17 due
10/28 Test 2 Chapter 4; Appendix A; Chapter 5
10/29 SPECIAL ITEMS
Extraordinary v. merely unusual
Read Chapter 6: pp. 240-248; Gernon Chapter 2
Do P6-2 (Multi-step Income Statement)A summary of SFAS 146, Accounting for Costs Associated with Exit or Disposal Activities
10/31 CHANGE IN ACCOUNTING PRINCIPLES
A case can be made for inconsistency
Read Chapter 6: 249-266
Read Gernon Chapter 2
Do P 6-4 (Discontinued Operations)Read Case 6-5. You will have time to discuss in class