Connecticut Supply had 40,000 shares of common stock and 10,000 shares of ($ 10) par, 5-percent preferred
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Connecticut Supply had 40,000 shares of common stock and 10,000 shares of \(\$ 10\) par, 5-percent preferred stock outstanding on December 31, 19X8. On April 30, 19X9, the company issued 9,000 additional common shares and ended 19X9 with 49,000 shares of common stock outstanding. Income from continuing operations of \(19 \mathrm{X} 9\) was \(\$ 115,400\), and loss on discontinued operations (net of income tax) was \(\$ 8,280\). The company had an extraordinary loss (net of tax) of \(\$ 55,200\).
\section*{Required}
Compute Connecticut Supply's EPS amounts for 19X9, starting with income from continuing operations.
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Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
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