Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help please. Whispering Corporation had income from continuing operations of $10,775,400 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss
help please. Whispering Corporation had income from continuing operations of $10,775,400 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $200,100. Prior to disposal, the division operated at a loss of $321,500 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Whispering had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Whispering beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) Income from Continuing Operations Discontinued Operations Loss on Disposal of Restaurant Division Loss from Operations of Discontinued Restaurant Division Net Income /(Loss) Earnings per Share Income from Continuing Operations WHISPERING CORPORATION Income Statement (Partial) For the Quarter Ended December 31, 2025 COMED $ 200100 i 321500 8 1.00 GA $ 10775400 -521600 3 10253800 10000000 Whispering Corporation had income from continuing operations of $10,775,400 in 2025 , During 2025, it disposed of its restaurant division at an after-tax loss of $200,100. Prior to disposal, the division operated at a loss of $321,500 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Whispering had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Whispering beginning with income from continuirg operations. (Round earnings per share to 2 decimal places, eg. 1.48.)
help please.
Whispering Corporation had income from continuing operations of $10,775,400 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $200,100. Prior to disposal, the division operated at a loss of $321,500 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Whispering had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Whispering beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) Income from Continuing Operations Discontinued Operations Loss on Disposal of Restaurant Division Loss from Operations of Discontinued Restaurant Division Net Income /(Loss) Earnings per Share Income from Continuing Operations WHISPERING CORPORATION Income Statement (Partial) For the Quarter Ended December 31, 2025 COMED $ 200100 i 321500 8 1.00 GA $ 10775400 -521600 3 10253800 10000000
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