Nash Corporation had income from continuing operations of $10,813,600 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $206,600. Prior to disposal, the division operated at a loss of $316,100 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Nash had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Nash beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Nash Corporation had income from continuing operations of $10,813,600 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $206,600. Prior to disposal, the division operated at a loss of $316,100 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Nash had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Nash beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nash Corporation had income from continuing operations of $10,813,600 in 2025. During 2025, it disposed of its restaurant division
at an after-tax loss of $206,600. Prior to disposal, the division operated at a loss of $316,100 (net of tax) in 2025 (assume that the
disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Nash had 10,000,000 shares of
common stock outstanding during 2025. Prepare a partial income statement for Nash beginning with income from continuing
operations. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Income from Continuing Operations
Discontinued Operations
Loss from Operations of Discontinued Restaurant Division
Loss on Disposal of Restaurant Division
Net Income /(Loss)
Income from Continuing Operations
NASH CORPORATION
Income Statement (Partial)
For the Year Ended December 31, 2025
Earnings per Share
$
316100 i
206600
+A
$
10813600
522700 i
10290900
1.08
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