The 2023 income statement of Tanel Corporation showed net income of $860,000, which included a loss from
Question:
The 2023 income statement of Tanel Corporation showed net income of $860,000, which included a loss from discontinued operations of $140,000. Tanel had 25,000 common shares outstanding all year.
(a) Calculate earnings per share for 2023 as it should be reported to shareholders. Round to the nearest cent.
(b) Discuss why Tanel’s reporting of EPS is useful to financial statement users.
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a Earnings per share Income from continuing operations 100000025000 4000 Loss from ...View the full answer
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Aditya Raj
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Related Book For 
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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