Question
At December 31, 2017, Concord Corporation had the following shares outstanding: 8% cumulative preferred shares, 100,000 shares outstanding $10,000,000 Common shares, 3,940,000 shares outstanding 19,700,000
At December 31, 2017, Concord Corporation had the following shares outstanding: 8% cumulative preferred shares, 100,000 shares outstanding $10,000,000 Common shares, 3,940,000 shares outstanding 19,700,000 During 2017, the corporations only share transaction was the issuance of 360,000 common shares on April 1. During 2017, the following also occurred: Income from continuing operations before tax $22,760,000 Discontinued operations (loss before tax) 3,032,000 Preferred dividends declared 800,000 Common dividends declared 2,270,000 Effective tax rate 31% Calculate earnings per share information as it should appear in the financial statements of Concord Corporation for the year ended December 31, 2017. (Round per share answer to 2 decimal places, e.g. 52.75.) Earnings Per Share Income from Continuing Operations $ Discontinued Operations Income from Continuing Operations $
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