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The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the f
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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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