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Buffalo Corporation had income from continuing operations of $ 10,600,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of
Buffalo Corporation had income from continuing operations of $ 10,600,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $193,000. Prior to disposal, the division operated at a loss of $ 327,000 (net of tax) in 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Buffalo had 10,000,000 shares of common stock outstanding during 2017 Prepare a partial income statement for Buffalo beginning with income from continuing operations Round earnings per share to 2 deci d aces, eg, 1.48.) BUFFALO CORPORATION Income Statement (Partial)
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