Question

What are the components of earnings (income from continuing operations)? What are discontinued operations?

What are the components of comprehensive income?

Answer 1

a.)	Components of Earnings ( Income from Continuing operations.)
	Components of Income from continuing operations can shown as below
	Sales Revenue
	Less: Cost of goods sold
	Gross Profit
	Less: Operating Expenses
	Selling Expenses
	General & Adminstrative expenses
	Total Operating Expenses
	Operating Profit
	Other Revenues
	Less: Other expenses & lossses:
	Income before income tax
	Less: Income Tax
	Income from continuing operations
b.)	Discontinued Operations
	Discontinued operations represents the segment/division of a company's core business or product line that have been divested or shut down and that are reported separately from continuing operations on the income statement.
c.)	Components of Comprehensive Income
	Net Income
	Adjustment for Other Comprehensive Income
	Unrealized holding gains or holding losses on investments that are classified as available for sale
	Foreign currency translation gains or losses
	Pension plan gains or losses
	Pension prior service costs or credits
	Comprehensive Income