Question
he shareholders equity section of Bramble Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,000 shares authorized, 82,000 shares outstanding $4,300,000 Common
he shareholders equity section of Bramble Corporation as at December 31, 2020, follows:
10% cumulative preferred shares, 100,000 shares authorized, 82,000 shares outstanding | $4,300,000 | |
Common shares, 10 million shares authorized and issued | 10,000,000 | |
Contributed surplus | 10,700,000 | |
25,000,000 | ||
Retained earnings | 172,000,000 | |
$197,000,000 |
Net income of $21 million for 2020 reflects a total effective tax rate of 22%. Included in the net income figure is a loss of $14 million (before tax) relating to the operations of a business segment that is to be discontinued. Calculate earnings per share information as it should appear in the financial statements of Bramble Corporation for the year ended December 31, 2020. (Round answers to 2 decimal places, e.g. 52.75.)
Earnings per share | ||
---|---|---|
Continuing Operations | $enter a dollar amount rounded to 2 decimal places | |
Discontinued Operations | enter a dollar amount rounded to 2 decimal places | |
Net Income / (Loss) | $enter a total amount |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started