Testbank Multiple Choice Question 76 In 2020, Ivanhoe Company reported a discontinued operations loss of $1250000, net of tax. It declared and paid preferred stock dividends of $125000 and common stock dividends of $370000. During 2020, Ivanhoe had a weighted average of 500000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by O $1.51. $2.50. $2.25 O 51.76. Click if you would like to Show Work for this question: Ron Show Work Testbank Multiple Choice Question 91 Sunland Company's account balances at December 31, 2020 for Accounts Receivable and the related Allowance for Doubtful Accounts are $924000 debit and $1970 credit, respectively. From an aging of accounts receivable, it is estimated that $40900 of the December 31 receivables will be uncollectible. The necessary adjusting entry would include a credit to the allowance account for O $42870. 0540900. $38930 51970 Click if you would like to Show Work for this question: Open Show Work