what is the purpose of arranging an income statement to show subtotals for income from continuing operations and income before extraordinary items?

Define extraordinary items. How are extraordinary items distinguished from items that are presented as seperate-line items in an income statement, but are not extraordinary.

A prior period adjustment relates to the income of past accounting periods. explain how such an item is shown in the financial statements.

Explain how each of the following is computed: a price-earnings ratio. b. Basic earnings per share. c. Diluted earnings period

What is a liquidation dividend, and how does it relate to a regular (nonliquidating) dividend?