Solution:
Earning per share: | |
Income from continuing operations (4000000 / 1000000) | 4 |
Less: loss from discontinued operations (1700000 / 1000000) | 1.7 |
Earning per share | 2.3 |
Net income: | |
Income from continuing operations | 4000000 |
Less: loss from discontinued operations | 1700000 |
Net income | 2300000 |
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The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income...
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