Franco Academy Surplus had 15,000 shares of common stock and 2,000 shares of 1%. S20 par value preferred stock outstanding through December 31, 2024 Income from continuing operations for 2024 Was $231,400, and loss on discontinued operations (net of income tax saving) was $10,500. Compute Franco's earnings per share for 2024, starting with income from continuing operations Round to the nearest cent (Enter all EPS amounts to the nearest cent SXXX Use parentheses or a minus sign for amounts reducing the income from continuing operations) Begin by selecting the formula to compute the earnings per share Earnings per share=

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Franco Academy Surplus had 15,000 shares of common stock and 2,000 shares of 1%, $20 par value preferred stock outstanding through December 31, 2024 Income
from continuing operations for 2024 was $231,400, and loss on discontinued operations (net of income tax saving) was $10,500.
Compute Franco's earnings per share for 2024, starting with income from continuing operations. Round to the niearest cent. (Enter all EPS amounts to the nearest cent,
SX XX Use parentheses or a minus sign for amounts reducing the income from continuing operations)
Begin by selecting the formula to compute the earnings per share
Earnings per share =
Transcribed Image Text:Franco Academy Surplus had 15,000 shares of common stock and 2,000 shares of 1%, $20 par value preferred stock outstanding through December 31, 2024 Income from continuing operations for 2024 was $231,400, and loss on discontinued operations (net of income tax saving) was $10,500. Compute Franco's earnings per share for 2024, starting with income from continuing operations. Round to the niearest cent. (Enter all EPS amounts to the nearest cent, SX XX Use parentheses or a minus sign for amounts reducing the income from continuing operations) Begin by selecting the formula to compute the earnings per share Earnings per share =
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