At December 31, 2024, Sunland Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,700 shares Common stock, $5 par, 4,099,560 shares Income from continuing operations before taxes Discontinued operations (loss before taxes) During 2025, Sunland did not issue any additional common stock. The following also occurred during 2025. Preferred dividends declared Common dividends declared Effective tax rate Earnings Per Share ✪ î ✪ $ $10,770,000 Compute earnings per share data as it should appear in the 2025 income statement of Sunland Corporation. (Round answers to 2 decimal places, e.g. 1.48.) LA 20,497,800 LA $23,036,400 3,323,900 1,077,000 2,382,400 35%
At December 31, 2024, Sunland Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,700 shares Common stock, $5 par, 4,099,560 shares Income from continuing operations before taxes Discontinued operations (loss before taxes) During 2025, Sunland did not issue any additional common stock. The following also occurred during 2025. Preferred dividends declared Common dividends declared Effective tax rate Earnings Per Share ✪ î ✪ $ $10,770,000 Compute earnings per share data as it should appear in the 2025 income statement of Sunland Corporation. (Round answers to 2 decimal places, e.g. 1.48.) LA 20,497,800 LA $23,036,400 3,323,900 1,077,000 2,382,400 35%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At December 31, 2024, Sunland Corporation had the following stock outstanding.
10% cumulative preferred stock, $100 par, 107,700 shares
Common stock, $5 par, 4,099,560 shares
Income from continuing operations before taxes
Discontinued operations (loss before taxes)
During 2025, Sunland did not issue any additional common stock. The following also occurred during 2025.
Preferred dividends declared
Common dividends declared
Effective tax rate
Earnings Per Share
✪
✪
$
$10,770,000
+A
20,497,800
$
Compute earnings per share data as it should appear in the 2025 income statement of Sunland Corporation.
(Round answers to 2 decimal places, e.g. 1.48.)
$23,036,400
3,323,900
1,077,000
2,382,400
35%
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