Comparison between U.S. GAAP and International ... - Grant Thornton

Comparison between U.S. GAAP and International Financial Reporting Standards 30
IFRS
statements.
• The amount of income from continuing operations and from discontinued operations
attributable to owners of the parent. These disclosures may be presented either in the notes
or in the statement of comprehensive income.
U.S. GAAP
of the
component
• Gain or
loss
recognized
as a result
of
measuring
a long-lived
asset
(disposal
group)
classified
as held for
sale at the
lower of its
carrying
amount or
fair value
less cost to
sell
A gain or loss
on disposal
may be
disclosed either
on the face of
the income
statement or in
the notes
(ASC 205-20-
45-3).
Adjustments to
amounts
previously
reported in
discontinued
operations that
are directly
related to the
disposal of a
component of
an entity in a
prior period are
classified
separately in
discontinued
operations in
the current
period (ASC
205-20-45-4).
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