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expeople1 [14]
3 years ago
7

In 2020, Sandhill Co. reported a discontinued operations loss of $1160000, net of tax. It declared and paid preferred stock divi

dends of $120000 and common stock dividends of $355000. During 2020, Sandhill had a weighted average of 500000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by
Business
2 answers:
Strike441 [17]3 years ago
7 0

Answer:

The correct answer is 2.32.

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the decrease in earning per share due to loss in disconnected operations by using following formula:-

Decrease in Earning Per Share Due to Loss in Disconnected Operations = Discontinued Operation Loss ÷ Weighted Average Common Share Outstanding

By putting the value, we get

=$1,160,000 ÷ $500,000

= 2.32

gulaghasi [49]3 years ago
6 0

Answer:

$2.32

Explanation:

Data provided

Discontinued operations loss = $1,160,000

Common shares outstanding = 500,000

The computation of earnings per share is shown below:-

Decrease in earning per share due to loss in discontinued operations =  Discontinued operations loss ÷ common shares outstanding

= $1,160,000 ÷ 500,000

= $2.32

Therefore for computing the decrease earning per share we simply appplied the above formula.

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Answer:

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Explanation:

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BabaBlast [244]

Answer:

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7 0
2 years ago
Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Stephan Company’s
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Answer:

Explanation:

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What is the nature of the industry being operated at koppers?
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nata0808 [166]

Answer:

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