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ASAP The shareholders' equity section of Bramble Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,800 shares authorized 73,000 shares outstanding $4,300,000
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The shareholders' equity section of Bramble Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,800 shares authorized 73,000 shares outstanding $4,300,000 Common shares, 10 million shares authorized and issued 10,000,000 Contributed surplus 10,800,000 25,100,000 Retained earnings 180,000,000 $205,100,000 Net income of $22 million for 2020 reflects a total effective tax rate of 23%. Included in the net income figure is a loss of $ (before tax) relating to the operations of a business segment that is to be discontinued. Calculate earnings per share information as it should appear in the financial statements of Bramble Corporation for the yea December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per share Continuing Operations $ Discontinued Operations The shareholders' equity section of Bramble Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,800 shares authorized 73,000 shares outstanding $4,300,000 Common shares, 10 million shares authorized and issued 10,000,000 Contributed surplus 10,800,000 25,100,000 Retained earnings 180,000,000 $205,100,000 Net income of $22 million for 2020 reflects a total effective tax rate of 23%. Included in the net income figure is a loss of $ (before tax) relating to the operations of a business segment that is to be discontinued. Calculate earnings per share information as it should appear in the financial statements of Bramble Corporation for the yea December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per share Continuing Operations $ Discontinued Operations Step by Step Solution
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