Question

Please Help ASAP!!

Problem 1:

In the space provided, write the word or phrase that is defined or indicated.

1. Net income minus preferred dividends

divided by the weighted average of shares

outstanding. 1. ________________________________

2. All changes in equity during a period except

those resulting from investments by owners

and distributions to owners. 2. ________________________________

3. A correction of an error is reported as a 3. ________________________________

4. The portion of equity interest in a subsidiary

not attributable to the parent company. 4. ________________________________

5. The income statement category for a

disposal of a component of a business. 5. ________________________________

6. Relating tax expense to specific items

on the income statement. 6. ________________________________

Answer 1

1	Net income minus preferred dividends divided by the weighted average of shares outstanding.	Earnings per share
2	All changes in equity during a period except those resulting from investments by owners and distributions to owners.	Comprehensive income
3	A correction of an error is reported as a	Prior period adjustment
4	The portion of equity interest in a subsidiary not attributable to the parent company.	Noncontrolling interest
5	The income statement category for a disposal of a component of a business	Discontinued operations
6	Relating tax expense to specific items on the income statement	Intraperiod tax allocation