For the Year Ended 31/12/2020 Net Income Rs.10,750,000 Loss On Disposal of Franchise (Taxed at 40%) 250,000 Loss on Disposal of Merchandise (Taxed at 40%) 200,000 Extraordinary Loss (Taxed at 40%) 125,000 No. of common stock outstanding during the first nine months 100,000 No. of common stock outstanding during the last three months 200,000 Required: Prepare a partial income statement Compute EPS for every item
For the Year Ended 31/12/2020 Net Income Rs.10,750,000 Loss On Disposal of Franchise (Taxed at 40%) 250,000 Loss on Disposal of Merchandise (Taxed at 40%) 200,000 Extraordinary Loss (Taxed at 40%) 125,000 No. of common stock outstanding during the first nine months 100,000 No. of common stock outstanding during the last three months 200,000 Required: Prepare a partial income statement Compute EPS for every item
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
|
For the Year Ended 31/12/2020 |
|
|
Net Income |
Rs.10,750,000 |
|
Loss On Disposal of Franchise (Taxed at 40%) |
250,000 |
|
Loss on Disposal of Merchandise (Taxed at 40%) |
200,000 |
|
Extraordinary Loss (Taxed at 40%) |
125,000 |
|
No. of common stock outstanding during the first nine months |
100,000 |
|
No. of common stock outstanding during the last three months |
200,000 |
Required:
- Prepare a partial income statement
- Compute EPS for every item
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