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5.1 Income statement methodology–overview
Publication date: 30 Apr 2024
us Carve-out financial statements guide
The carve-out income statement should include revenues and expenses relating to the operations of the carve-out business. Reporting entities are required to include:
- revenues or expenses that are directly attributable to the carve-out business,
- the expenses related to assets and liabilities shared between the carve-out business and the parent, and
- any additional costs of doing business (i.e., an allocation of corporate costs).
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
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