Graded Homework Question 4 of 12 0.82/1 Vaughn Corporation had income from continuing operations of $10,653,500 in 2025. During 2025, it disposed of its
Graded Homework Question 4 of 12 0.82/1 Vaughn Corporation had income from continuing operations of $10,653,500 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $200,300. Prior to disposal, the division operated at a loss of $321,100 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Vaughn had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Vaughn beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) VAUGHN CORPORATION Income Statement (Partial) Income from Continuing Operations For the Year Ended December 31, 2025 Discontinued Operations Loss from Operations of Discontinued Restaurant Division $ 3211001 i Loss on Disposal of Restaurant Division re to search I 10653500 200300 i 73F DE
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