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Splish Corporation had income from continuing operations of $10703000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $205000.
Splish Corporation had income from continuing operations of $10703000 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of $205000. Prior to disposal, the division operated at a loss of $322000 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Splish had 10000000 shares of common stock outstanding during 2020. Prepare a partial income statement for Splish beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) SPLISH CORPORATION Income Statement (Partial) For the Year Ended December 31, 2020
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