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Rina8888 [55]
3 years ago
7

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

llowing items: income from continuing operations, $7 million; loss from discontinued operations, $2.0 million. All of these amounts are net of tax. Required: Prepare the 2021 EPS presentation for the Esposito Import Company
Business
1 answer:
asambeis [7]3 years ago
6 0

Answer:

$5.00

Explanation:

Preparation of the 2021 EPS presentation for the Esposito Import Company

Earnings per share:

Income from continuing operations$7.00

Less Loss from discontinued operations(2.0)

Net income $5.00

Therefore the Net income after the Preparation of the 2021 EPS presentation for the Esposito Import Company is $5.00

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