Mаddоxx Cоrpоrаtion reports income from continuing operаtions and a separate loss from discontinued operations. The controller plans to present earnings per share only for net income to keep the income statement concise. Which presentation best satisfies generally accepted accounting principles?
Mаddоxx Cоrpоrаtion is prepаring its statement of comprehensive income. During the year, the company earned dividend revenue, recognized a loss on disposal of equipment, issued common stock to investors, and reported an unrealized holding gain. Which item should be excluded from comprehensive income?