PJS Company has 20,000 common shares outstanding with no preferred shares in its capital structure. PJS has outstanding in-the-money options that will result in 10,000 incremental shares. The current income statement indicates the following: (Click the icon to view the partial income statement for the current year.) What are basic and diluted earnings per share (EPS)? (Round the EPS amounts to the nearest cent, $X.XX. Use parentheses or a minus sign for negative EPS amounts.) The diluted EPS from continuing operations exceeds What are basic and diluted EPS that PJS will report? basic EPS. Therefore, PJS cannot include the options in its EPS disclosures. Basic EPS = Diluted EPS = Data table Loss from Continuing Operations $ (600,000) 500,000 Income from Discontinued Operations (net of tax) $ (100,000) Net Loss - ☑

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 2MAD
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PJS Company has 20,000 common shares outstanding with no preferred shares in its capital structure. PJS has outstanding in-the-money options that will result in 10,000 incremental shares. The
current income statement indicates the following:
(Click the icon to view the partial income statement for the current year.)
What are basic and diluted earnings per share (EPS)? (Round the EPS amounts to the nearest cent, $X.XX. Use parentheses or a minus sign for negative EPS amounts.)
The diluted EPS from continuing operations exceeds
What are basic and diluted EPS that PJS will report?
basic EPS. Therefore, PJS cannot include the options in its EPS disclosures.
Basic EPS =
Diluted EPS =
Data table
Loss from Continuing Operations
$
(600,000)
500,000
Income from Discontinued Operations (net of tax)
$
(100,000)
Net Loss
-
☑
Transcribed Image Text:PJS Company has 20,000 common shares outstanding with no preferred shares in its capital structure. PJS has outstanding in-the-money options that will result in 10,000 incremental shares. The current income statement indicates the following: (Click the icon to view the partial income statement for the current year.) What are basic and diluted earnings per share (EPS)? (Round the EPS amounts to the nearest cent, $X.XX. Use parentheses or a minus sign for negative EPS amounts.) The diluted EPS from continuing operations exceeds What are basic and diluted EPS that PJS will report? basic EPS. Therefore, PJS cannot include the options in its EPS disclosures. Basic EPS = Diluted EPS = Data table Loss from Continuing Operations $ (600,000) 500,000 Income from Discontinued Operations (net of tax) $ (100,000) Net Loss - ☑
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