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Finley Corporation had income from continuing operations of $11,300,000 in 2014. During 2014, it disposed of its restaurant division at an after-tax loss of $205,500.
Finley Corporation had income from continuing operations of $11,300,000 in 2014. During 2014, it disposed of its restaurant division at an after-tax loss of $205,500. Prior to disposal, the division operated at a loss of $394,500 (net of tax) in 2014. Finley had 10,000,000 shares of common stock outstanding during 2014. Prepare a partial income statement for Finley beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.)
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