Question 2

c. d. 2. Read about and describe the following income items that are included in the income statement because of the professions adoption of the all-inclusive approach to accounting. a. Unusual and infrequent gains and losses b. Discontinued Operations c. Noncontrolling Interest d. Earnings Per Share 3. Common Cents reports net income of $150,000. In the fiscal year, they report and pay dividends tholders and 45,000 to preferred stockholders. On December 31 of