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Wildhorse Corporation had income from continuing operations of $10,814,300 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $203,200.
Wildhorse Corporation had income from continuing operations of $10,814,300 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $203,200. Prior to disposal, the division opera loss of $319,600 (net of tax) in 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Wildhorse had 10,000,000 shares of common stoclk outstanding during 2017. Prepare a partial income statement for Wildhorse beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) WILDHORSE CORPORATION Income Statement (Partial)
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