The Esposito Import Company had 1 million shares of common stock outstanding during 2011. Its income statement

Question:

The Esposito Import Company had 1 million shares of common stock outstanding during 2011. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.6 million; extraordinary gain, $2.2 million. All of these amounts are net of tax.

Required:

Prepare the 2011 EPS presentation for the Esposito Import Company.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...