Question
At December 31, 2023, 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, 2023, 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 2023, the corporation's only share transaction was the issuance of 360,000 common shares on April 1. During 2023, 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 for the year ended December 31, 2023. (round per share answers to 2 decimal places)
Income from continuing operations. ?
Discontinued Operations ?
Net income ?
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