Income from continuing operations is a net income category found on the income statement that accounts for a company s regular business activities. Net income from continuing operations is a line item on the income statement that notes the after tax earnings that a business has generated from its operational activities.
Income from continuing operations is also known.
Income from continuing operations. Net income from continuing operations. It s a line item on the income statement that notes the after tax earnings the business generates from its continuing operations. Income loss from continuing operations this element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items cumulative effects of changes in accounting principles and noncontrolling interest.
Since one time events and the results of discontinued operations are excluded this measure is considered to be a prime indicator of the financial health of a firm s core activities. After all of the expenses are deducted the investor is left with a figure called net income from continuing operations. Means the consolidated income before income taxes and excluding i discontinued operations.
This is a calculation of the profit generated by continuing operations during the period covered by the income statement. Also known as operating income or operating earnings the income from continuing operations excludes irregular revenue and expenses. If applicable for the performance period computed in accordance with u s.
Define income from continuing operations before income taxes. The income from continuing operations is the revenue that a business generates from its primary business activities minus the expenses that it incurs in generating income. And iii cumulative effect of change in accounting principle.
Generally accepted accounting principles and as reported in the company s annual report to shareholders or as otherwise reported to shareholders.