Question
At December 31, 2016, Oriole Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,506 shares $10,850,600 Common stock, $5 par, 4,024,760
At December 31, 2016, Oriole Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 108,506 shares | $10,850,600 | |
Common stock, $5 par, 4,024,760 shares | 20,123,800 |
During 2017, Oriole did not issue any additional common stock. The following also occurred during 2017.
Income from continuing operations before taxes | $23,480,400 | ||
Discontinued operations (loss before taxes) | $3,292,300 | ||
Preferred dividends declared | $1,085,060 | ||
Common dividends declared | $2,210,000 | ||
Effective tax rate | 35 | % |
Compute earnings per share data as it should appear in the 2017 income statement of Oriole Corporation. (Round answers to 2 decimal places, e.g. 1.48.)
Earnings Per Share | ||
Net Income / (Loss)Income from Continuing OperationsDiscontinued Operations | $ | |
Income from Continuing OperationsNet Income / (Loss)Discontinued Operations | ||
Discontinued OperationsNet Income / (Loss)Income from Continuing Operations | $ |
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