Homework Answers
Solution
Amounts provided in the question
Carla Company's Income - $ 555200
Gain from discontinued operation - $ 46400
Total shares outstanding - $ 40000
Formula to calculate Earning per Share
| Carla's Income Statement presentation of Earning per share | |
| Particulors | Amount |
| Net Income | $ 555,200.00 |
| Add Gain from discontinued operation | $ 46,400.00 |
| Total Income | $ 601,600.00 |
| No. share outstanding | $ 40,000.00 |
| EPS | $ 15.04 |
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