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Finley Corp had income from continuing operations of $11,200,000 in 2014. During 2014, it disposed of its restaurant division at an after tax loss of
Finley Corp had income from continuing operations of $11,200,000 in 2014. During 2014, it disposed of its restaurant division at an after tax loss of $206,300. Prior to disposal the division operated at a loss of $393,700 (net of tax) in 2014. Finley had 10,000,000 shares of common stock outstanding during 2014. Prepare a partial income stmnt. The part I am struggling with is finding the earnings per share. Thank you.
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