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The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the following items: income from continuing
The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the following items: income from continuing operations, $4 million; loss from discontinued operations, $1.7 million. All of these amounts are net of tax. Required: Prepare the 2021 EPS presentation for the Esposito Import Company (Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.) Earnings per share Income from continuing operations 4,000,000.00 Loss from discontinued operations 1,700,000.00 S Net income 2,300,000.00
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