Question
Appendix: Earnings per share, discontinued operations The net income reported on the income statement of Cutler Co. was $1,490,000. There were 50,000 shares of $20
Appendix: Earnings per share, discontinued operations The net income reported on the income statement of Cutler Co. was $1,490,000. There were 50,000 shares of $20 par common stock and 20,000 shares of $3 preferred stock outstanding throughout the current year. The income statement included a gain on discontinued operations of $180,000 after applicable income tax. a. Determine the per-share figures for common stock for income before discontinued operations. Round your answer to the nearest cent. $fill in the blank 1 per share b. Determine the per-share figures for common stock for net income. Round your answer to the nearest cent. $fill in the blank 2 per share
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