Helenic Holding Company operates numerous businesses, including motel, auto rental, and real estate companies. Year 2010 was

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Helenic Holding Company operates numerous businesses, including motel, auto rental, and real estate companies. Year 2010 was interesting for Helenic, which reported the following on its income statement (in millions):
Net revenues ................................................................ $3,934
Total expenses and other.............................................. 3,357
Income from continuing operations.............................. 577
Discontinued operations, net of tax..............................
Income before extraordinary item and cumulative....... 88
effect of accounting change, net of tax........................ 665
Extraordinary gain, net of tax...................................... 10
Net income................................................................... $ 675
During 2010, Helenic had the following (in millions, except for par value per share):
Common stock, $0.30 par value, 600 shares issued................ $ 180
Treasury stock, 200 shares at cost........................................... (3,542)

Requirement
1. Show how Helenic should report earnings per share for 2010. (Round EPS to the nearest cent.)

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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