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Apex Inc. reports the following for a recent year: Income from continuing operations before income tax Loss from discontinued operations Weighted average number of shares
Apex Inc. reports the following for a recent year: Income from continuing operations before income tax Loss from discontinued operations Weighted average number of shares outstanding $1,053,000 $189,000 * 54,000 Applicable tax rate 40% *Net of any tax effect. a. Prepare a partial income statement for Apex Inc, beginning with income from continuing operations before income tax. Apex Inc. Partial Income Statement For the Year Ended December 31 Income from continuing operations before income tax Income tax expense Income from continuing operations Loss from discontinued operations Net income Feedback b. Determine the earnings per common share for Apex Inc, including per-share amounts for unusual items. Enter answers in dollars and cents, rounding to the nearest whole cent. Apex Inc. Partial Income Statement For the Year Ended December 31 Earnings per common share: Income from continuing operations Loss from discontinued operations Net income Charla My Minds
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