Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Does the income statement contain any income or loss on discontinued operations? Describe the trend in net income over the years presented. Show data to
Does the income statement contain any income or loss on discontinued operations?
Describe the trend in net income over the years presented. Show data to support your finings.
eBay Inc. CONSOLIDATED STATEMENT OF INCOME Year Ended December 31, 2015 (In millions, except per share amounts) $8,979 $8,592 $ 8,790 2016 2014 Net revenues 2,007 6,972 1,663 7,127 Cost of net revenues 6,821 Gross profit Operating expenses: Sales and marketing Product development General and administrative Provision for transaction losses Amortization of acquired intangible assets 2,368 2,267 2,442 1,114 900 231 34 4,647 923 1,122 271 983 889 262 75 4,651 41 4,624 2,325 2,197 2,476 209 3,651 2,406 2,515 Total operating expenses 4, Income from operations Interest and other, net Income from continuing operations before income taxes Income tax benefit (provision) Income (loss) from continuing operations Income (loss) from discontinued operations, net of income 1,326 39 3,634 (459) (3,380) $7,285 $1,947 $ (865) 911 $7,266 $1,725 46 taxes (19) (222) Net incomeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started