Question
a. Other, net for 20times 1 included a corporate restructuring charge of $8,777 and a pre-tax profit of $12,000 on discontinued operations. The remainder of
a. Other, net for
20\\\\times 1
included a corporate restructuring charge of
$8,777
and a pre-tax profit of
$12,000
on discontinued operations. The remainder of the category is composed of investment losses.\ b. Marketing, administrative, and other expenses for
20\\\\times 1
included a loss on currency translation of
$55
.\ c. All of these transactions were subject to Hardrock's income tax rate of
21%
.\ d. Hardrock disclosed earnings per share data only in the notes to the financial statements. The company had
10,000,000
shares of common stock outstanding throughout
20\\\\times 1
.\ Required:\ Recast this single-step combined income statement and retained earnings statement as a multiple-step income statement. Include appropriate per share amounts. (Round your answers to
2
decimal places under "Earnings per common share:". For others, enter you answers in thousands rounded to the nearest whole dollar.)\ \\\\table[[Hardrock Mining Co.],[Income Statement,],[For the Year ended December 31, 20X1,],[$ in thousands,],[,],[,],[,],[,],[,],[Earnings before income taxes,],[,],[,],[,],[,]]
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