Question
In 2015, Sparky Corporation reported a loss from discontinued operations of $1,000,000, before tax. It declared and paid preferred stock dividends of $100,000 and common
In 2015, Sparky Corporation reported a loss from discontinued operations of $1,000,000, before tax. It declared and paid preferred stock dividends of $100,000 and common stock dividends of $300,000. During 2015, Sparky had a weighted average of 500,000 common shares outstanding. Sparky has a 30% tax rate. As a result of the loss from discontinued operations, the earnings per share would decrease by: (Record your answer to two decimal places. Donotuse () to indicate a decrease. For Example, if EPS decreases by $1.00, record your answer as 1.00)
EPS: Discontinued Operations $_____________
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