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4 Exercise 4-10 (Algo) Earnings per share [LO4-5] 16.66 points Return to question The Esposito Import Company had 1 million shares of common stock
4 Exercise 4-10 (Algo) Earnings per share [LO4-5] 16.66 points Return to question The Esposito Import Company had 1 million shares of common stock outstanding during 2024. Its income statement reported the following items: income from continuing operations, $7 million; loss from discontinued operations, $1.4 million. All of these amounts are net of tax. Required: Prepare the 2024 EPS presentation for the Esposito Import Company. Note: Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places. Answer is complete but not entirely correct. Earnings per share: Income from continuing operations $ 7.00 Loss from discontinued operations 1.40 Net income $ 5.60
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