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Compute earnings per share data as it should appear in the 2025 income statement of Waterway Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Income from Continuing Operations $ Loss from Discontinued Operations Net Income/(Loss) $

Compute earnings per share data as it should appear in the 2025 income statement of Waterway Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Income from Continuing Operations $ Loss from Discontinued Operations Net Income/(Loss) $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At December 31, 2024, Waterway Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,903 shares $10,890,300 Common stock, $5 par, 4,079,240 shares 20,396,200 During 2025, Waterway did not issue any additional common stock. The following also occurred during 2025. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $23,214,400 3,311,400 1,089,030 2,372,200 35% h Compute earnings per share data as it should appear in the 2025 income statement of Waterway Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Income from Continuing Operations $ Loss from Discontinued Operations Net Income/(Loss) $
Transcribed Image Text:At December 31, 2024, Waterway Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,903 shares $10,890,300 Common stock, $5 par, 4,079,240 shares 20,396,200 During 2025, Waterway did not issue any additional common stock. The following also occurred during 2025. Income from continuing operations before taxes Discontinued operations (loss before taxes) Preferred dividends declared Common dividends declared Effective tax rate $23,214,400 3,311,400 1,089,030 2,372,200 35% h Compute earnings per share data as it should appear in the 2025 income statement of Waterway Corporation. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share Income from Continuing Operations $ Loss from Discontinued Operations Net Income/(Loss) $
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