In the table below - leave the answers blank (zero). Proceed to the next table. Case A Case B Case C Case D Income (loss) continuing operations $11,250 0 0 0 Income (loss) from discontinued operations 0 0 0 0 Required Show the EPS financial statement presentation for basic EPS for each Case A through D. Basic EPS Case A Case B Case C Case D Income (loss) from continuing operations Answer Answer Answer Answer Income (loss) from discontinued operations, net of tax Answer Answer Answer Answer Net income (loss) Answer Answer Answer Answer
In the table below - leave the answers blank (zero). Proceed to the next table. Case A Case B Case C Case D Income (loss) continuing operations $11,250 0 0 0 Income (loss) from discontinued operations 0 0 0 0 Required Show the EPS financial statement presentation for basic EPS for each Case A through D. Basic EPS Case A Case B Case C Case D Income (loss) from continuing operations Answer Answer Answer Answer Income (loss) from discontinued operations, net of tax Answer Answer Answer Answer Net income (loss) Answer Answer Answer Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Financial Statement Presentation of EPS
To illustrate EPS reporting for various combinations of gains and losses, assume that 1,000 weighted-average shares of common stock are outstanding for each of the four cases below. Also assume
| Case A | Case B | Case C | Case D | |
|---|---|---|---|---|
| Income (loss) continuing operations | 15,000 | (15,000) | $15,000 | $(15,000) |
| Income (loss) from discontinued operations | 4,500 | (4,500) | (4,500) | 9,000 |
In the table below - leave the answers blank (zero). Proceed to the next table.
| Case A | Case B | Case C | Case D | |
|---|---|---|---|---|
| Income (loss) continuing operations | $11,250
|
0
|
0
|
0
|
| Income (loss) from discontinued operations | 0
|
0
|
0 |
0
|
Required
Show the EPS financial statement presentation for basic EPS for each Case A through D.
| Basic EPS | Case A | Case B | Case C | Case D |
|---|---|---|---|---|
| Income (loss) from continuing operations | Answer
|
Answer
|
Answer
|
Answer
|
| Income (loss) from discontinued operations, net of tax | Answer
|
Answer
|
Answer
|
Answer
|
| Net income (loss) | Answer
|
Answer
|
Answer
|
Answer
|
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