Joshua Jones

Joshua Jones

(CPA) is an accountant and director at EdgarStat with several years of experience in transfer pricing. Prior to joining EdgarStat, he worked at the North Carolina Department of Revenue, where he served as an audit manager with the Interstate Examination Section. He is an MBA Candidate at UNC Kenan-Flagler Business School.
  • Joined: February 26, 2026
  • Articles: 3

Operating Profit, Operating Income, and Income from Continuing Operations: Three Incompatible Measures

This post builds on my previous one, “Impairment and Amortization: Where Transfer Pricing Analysis Meets GAAP Income Statement Classification,” assuming the Comparable Profits Method (CPM) is chosen under 1.482-1(c) and focusing on building the comparable set. The purpose of this…

Read MoreOperating Profit, Operating Income, and Income from Continuing Operations: Three Incompatible Measures

Impairment and Amortization: Where Transfer Pricing Analysis Meets GAAP Income Statement Classification

Laying the Groundwork This post assumes the Comparable Profits Method (CPM) is the best method under 1.482-1(c), with operating margin after depreciation (OMAD) as the profit indicator (PLI). The key question addressed in this post is whether the operating income…

Read MoreImpairment and Amortization: Where Transfer Pricing Analysis Meets GAAP Income Statement Classification