APB 9: Reporting the Results of Operations

INTRODUCTION
The American Institute of Certified Public Accountants, through its boards and committees, reviews from time to time the form and content of financial statements to determine how their usefulness may be improved. This Opinion is the result of a review of present practice in the reporting of the results of operations of business entities.
This Opinion supersedes (a) Chapter 2B, Combined Statement of Income and Earned Surplus of
Accounting Research Bulletin No. 43; (b) Chapter 8, Income and Earned Surplus of Accounting Research Bulletin No. 43; and (c) Accounting Research Bulletin No. 49, Earnings per Share. It also modifies Chapter 5, Intangible Assets (paragraphs, 5, 6, 8, and 9); Chapter 10A, Real and Personal Property Taxes (paragraph 19); Chapter 10B, Income Taxes (paragraphs 15 and 17); Chapter 11B, Government Contracts—Renegotiation (paragraph 9); Chapter 12, Foreign Operations and Foreign Exchange (paragraph 21); and Chapter 15, Unamortized Discount, Issue Cost, and Redemption Premium on Bonds Refunded (paragraphs 7 and 17) of Accounting Research Bulletin No. 43 to the extent the paragraphs indicated specify a particular treatment within income or retained earnings.