Financial Statement Presentation of EPS

To illustrate EPS reporting for various combinations of gains and losses, assume that 1,000 weighted-average shares of common stock are outstanding for each of the four cases below. Also assume preferred stock dividends of $3,750 were declared and paid during the year.

	Case A	Case B	Case C	Case D
Income (loss) continuing operations	15,000	(15,000)	$15,000	$(15,000)
Income (loss) from discontinued operations	4,500	(4,500)	(4,500)	9,000

In the table below - leave the answers blank (zero). Proceed to the next table.

	Case A	Case B	Case C	Case D
Income (loss) continuing operations	Answer	Answer	Answer	Answer
Income (loss) from discontinued operations	Answer	Answer	Answer	Answer

Required

Show the EPS financial statement presentation for basic EPS for each Case A through D.

Basic EPS	Case A	Case B	Case C	Case D
Income (loss) from continuing operations	Answer	Answer	Answer	Answer
Income (loss) from discontinued operations, net of tax	Answer	Answer	Answer	Answer
Net income (loss)	Answer	Answer	Answer	Answer