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In 2020, Hana Corporation reported a discontinued operations loss of $1,200,000 before tax. It declared and paid preferred stock dividends of $120,000 and common stock
In 2020, Hana Corporation reported a discontinued operations loss of $1,200,000 before tax. It declared and paid preferred stock dividends of $120,000 and common stock dividends of $360,000. During 2020, Hana had 500,000 shares of common stock outstanding. Hana is subject to 30% income taxes. Compute earnings per share from discontinued operations to be reported on the face of the income statement. Example of Answer: 4.60 or -4.60 (Two decimal points. No comma, space, or $ sign. Show loss with -)
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