Intraperiod Tax Allocation - Associates tax with income statement item
Comprehensive Income - Total nonowner change in equity
Extraordinary Items - Unusual, infrequent, and material gains and losses
Operating Income - Directly related to principle revenue-generating activities
A discontinued operation - A component of an entity
Earnings per Share - Required disclosure for publicity traded corporation
Prior Period Adjustment - Correction of a material error of a prior period
Financing Activities - Related to the external financing of the company
Operating Activities (SCF) - Related to the transactions entering into the determination of net income
Investing Activities - Related to the acquisition and disposition of long-term assets
Direct Method - Reports the cash effects of each operating activity directly on the statement
Indirect Method - Starts with net income and works backwards to convert to cash
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