DE 14-14 MCI World Com, Inc., reported a net loss for 19X8. The net loss included a

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DE 14-14 MCI World Com, Inc., reported a net loss for 19X8. The net loss included a $58 million expense from the cumulative effect of an accounting change, less income tax saving of $22 million, and an extraordinary loss of $207 million. less income tax saving of $78 million. The company's loss before the cumulative effect of the accounting change and before the extraordinary loss was $2.560 million. 1. Compute MCI WorldCom's net loss for 19X8. 2. Compute EPS for the final amount of the net loss. MCI WorldCom had 1,906 million shares of common stock outstanding during the year,

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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