Easily Remove Cross Out Option in the 12 Month Income Statement

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How to Remove Cross Out Option in the 12 Month Income Statement

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The "Standard Income 12 Period" report included in Sage 50 financial statements provides a monthly breakdown of the current fiscal year from period 1 to period 12. However, it does not allow users to select a date range; it only runs for the current period. To analyze a closed year, users can change the current period to a previous open year, but this is limited. To enable added functionality, you can create a custom financial statement by clicking the save button while viewing the report and renaming it, which will allow you to access the report under the new name in the list of reports.

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What is an example of discontinued operations?

Discontinued operations refer to any aspect of a businesss operations that are no longer required or profitable. Examples of discontinued operations could include: Closure of unprofitable division. Redundancy due to merger.

What is a 12 month trailing income statement?

Trailing 12-month, or TTM, refers to the past 12 consecutive months of a companys performance data used for reporting financial figures. By consistently evaluating trailing 12-month numbers, company financials can be evaluated both internally and externally without regard for the artificiality of fiscal year-end.

How do you show discontinued operations on an income statement?

Income and expenses related to discontinued operations can be found on line items on a companys income statement, below Continuing Operations Income and above Net Income.

How do you present discontinued operations on an income statement?

In the period(s) that a discontinued operation is classified as held for sale and for all prior periods presented, the assets and liabilities of the discontinued operation shall be presented separately in the asset and liability sections, respectively, of the statement of financial position.

How to report loss of discontinued operations on income statement?

Enclose an operating loss amount in parentheses to designate a negative number. For example, if the discontinued component generated $50,000 in after-tax operating income, write Income (loss) from discontinued operations, net of tax in the account column, and write $50,000 in the amount column.

How do you show discontinued operations on a balance sheet?

In the period(s) that a discontinued operation is classified as held for sale and for all prior periods presented, the assets and liabilities of the discontinued operation shall be presented separately in the asset and liability sections, respectively, of the statement of financial position.

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Remove Cross Out Option in the 12 Month Income Statement