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Sandhill Corporation had income from continuing operations of $10,813,600 in 2017. During 2017,it disposed of its restaurant division at an after-tax loss of $ 206,600.
Sandhill Corporation had income from continuing operations of $10,813,600 in 2017. During 2017,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 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation).Sandhill had 10,000,000 shares of commonstock outstanding during 2017. Prepare a partial income statement for Sandhill beginning with income from continuing operations. (Round earnings per share to 2 decimal ploces, eg. 148) SANDHILL CORPORATION Income Statement (Partial) December 31, 2017
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