Earlyrain Inc.'s 2023 income statement, excluding the earnings per share portion of the statement, was as...
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Earlyrain Inc.'s 2023 income statement, excluding the earnings per share portion of the statement, was as follows: Revenues Expenses: Depreciation Income taxes Other expenses Profit from continuing operations Loss from operating discontinued business segment Loss on sale of business segment (net of $20,400 tax benefit) (net of $13,220 tax benefit) Profit $ 45,100 62,000 $570,000 183,000 290,100 $279,900 $ 54,000 36,600 (90,600) $189,300 The weighted-average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of the 2023 income statement. (Round the final answers to 2 decimal places. Loss should be entered with negative sign.) Profit from continuing operations Loss from discontinued operations Profit Basic Earlyrain Inc.'s 2023 income statement, excluding the earnings per share portion of the statement, was as follows: Revenues Expenses: Depreciation Income taxes Other expenses Profit from continuing operations Loss from operating discontinued business segment Loss on sale of business segment (net of $20,400 tax benefit) (net of $13,220 tax benefit) Profit $ 45,100 62,000 $570,000 183,000 290,100 $279,900 $ 54,000 36,600 (90,600) $189,300 The weighted-average number of common shares outstanding during the year was 100,000. Present the earnings per share portion of the 2023 income statement. (Round the final answers to 2 decimal places. Loss should be entered with negative sign.) Profit from continuing operations Loss from discontinued operations Profit Basic
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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