Nash Corporation had income from continuing operations of $10,813,600 in 2025. During 2025, it disposed of...
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Nash Corporation had income from continuing operations of $10,813,600 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $206,600. Prior to disposal, the division operated at a loss of $316,100 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Nash had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Nash beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) Income from Continuing Operations NASH CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Discontinued Operations Loss from Operations of Discontinued Restaurant Division Loss on Disposal of Restaurant Division Net Income/(Loss) Earnings per Share Income from Continuing Operations Loss on Disposal of Discontinued Operations > > > 316.100 206,600 10,813,600 (522,700) $ 10,290,900 $ 1.08 (05) Nash Corporation had income from continuing operations of $10,813,600 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $206,600. Prior to disposal, the division operated at a loss of $316,100 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Nash had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Nash beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) Income from Continuing Operations NASH CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Discontinued Operations Loss from Operations of Discontinued Restaurant Division Loss on Disposal of Restaurant Division Net Income/(Loss) Earnings per Share Income from Continuing Operations Loss on Disposal of Discontinued Operations > > > 316.100 206,600 10,813,600 (522,700) $ 10,290,900 $ 1.08 (05)
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