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Marin Corporation had income from continuing operations of $10,661,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $190,500.
Marin Corporation had income from continuing operations of $10,661,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $190,500. Prior to disposal, the division operated at a loss of $321,600 (net of tax) in 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Marin had 10,000,000 shares of common stock outstanding during 2017. Prepare a partial income statement for Marin beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.)
MARIN CORPORATION Income Statement (Partial) For the Year Ended December 31, 2017 Income From Continuing Operations Discontinued Operations Loss From Operation of Discontinued Restaurant Division Net of Taxs Loss From Disposal of Restaurant Division Net of Tax Earnings Per Share Discontinued Operations, Net of Tax Loss From Operation of Discontinued Restaurant Division Net of Tax Discontinued Operations, Net of Tax Net Income/ (Loss) Q Tyge here to search ie Step by Step Solution
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