Qualls Corporation reported 2020 earnings per share of $7.21. In 2021, Qualls reported earnings per share as
Question:
Qualls Corporation reported 2020 earnings per share of $7.21. In 2021, Qualls reported earnings per share as follows.
On income from continuing operations.............................$6.40
On discontinued operations...................................................1.88
On net income.......................................................................$8.28
Is the increase in earnings per share from $7.21 to $8.28 a favorable trend?
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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The earnings per share trend is not favorable Discontinued items are o...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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