The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income...
The Esposito Import Company had 1 million shares of common stock
outstanding during 2021. Its income statement reported the
following items: income from continuing operations, $12 million;
loss from discontinued operations, $1.9 million. All of these
amounts are net of tax.
Required:
Prepare the 2021 EPS presentation for the Esposito Import Company.
(Amounts to be deducted should be indicated with a minus
sign. Round your answers to 2 decimal places.)
Homework Answers
| Earnings per share : | |
| Income from continuing operations | 12 |
| Loss from discontinued operations | -1.90 |
| Net income | 10.1 |
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