Disclosure of Summarized Interim Financial Data

Disclosure of summarized interim financial data should include at minimum

  • sales or gross revenue,
  • provision for income taxes,
  • extraordinary items,
  • cumulative effect of change in accounting principles,
  • net income,
  • earnings per share data, and
  • significant changes in estimates or provision for income taxes.
  • disposal of a business segment
  • contingent items
  • significant changes in financial position 

If an interim report is not prepared for the fourth quarter, annual financial reports should disclose the effects of

  • disposal of a segment,
  • extraordinary items,
  • changes in accounting principles, and
  • material year-end adjustments for the fourth quarter.

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