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On December 3 1 , 2 0 2 3 , Ainsworth, Incorporated had 5 0 0 million shares of common stock outstanding. Twenty three million
On December Ainsworth, Incorporated had million shares of common stock outstanding.
Twenty three million shares of $ par value cumulative, nonconvertible preferred stock were sold on January
On April Ainsworth purchased million shares of its common stock as treasury stock.
Twenty million treasury shares were sold on August
Ainsworth issued a common stock dividend on June
No cash dividends were declared in
For the year ended December Ainsworth reported a net loss of $ million, including an aftertax loss from discontinued operations of $ million.
Required:
Compute Ainsworth's net loss per share for the year ended December
Compute the per share amount of income or loss from continuing operations for the year ended December
Prepare an EPS presentation that would be appropriate to appear on Ainsworth's and comparative income statements. Assume EPS was reported in as $ based on net income no discontinued operations of $ million and a weightedaverage number of common shares of million.
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