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Nata [24]
3 years ago
12

Flintlnc. provided the following information for the year 2017.

Business
1 answer:
gtnhenbr [62]3 years ago
8 0

Answer: See explanation

Explanation:

1. Prepare a single-step income statement for 2017. Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.)

The income from continuing operations for earnings per share was calculated as:

= 285000/100000

= $2.85

The loss on discontinued operations was calculated as:

= 35190/100000 shares

= 0.35

Check the attachment for the solution.

2. Prepare aretained earning statement for 2017. Shares outstanding for 2017 were 100000.

Check the attachment for the solution

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2 years ago
Knowing how major competitors react gives the company clues on how best to ________ competitors or how best to ________ the comp
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6 0
3 years ago
At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $175,000; Total Liabilit
Ne4ueva [31]

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