The 2020 income statement of Blossom Corporation showed net income of $1,271,000, which included a loss from discontinued operations of $114,800. Blossom had 41,000 common shares outstanding all year. (a) Calculate earnings per share (EPS) for 2020 as it should be reported to shareholders. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Income from continuing operations Loss from discontinued operations, net of tax $ $ Earnings per share

The 2020 income statement of Blossom Corporation showed net income of $1,271,000, which included a loss from discontinued operations of $114,800. Blossom had 41,000 common shares outstanding all year. (a) Calculate earnings per share (EPS) for 2020 as it should be reported to shareholders. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Income from continuing operations Loss from discontinued operations, net of tax $ $ Earnings per share

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Description: The 2020 income statement of Blossom Corporation showed net income of $1,271,000, which included a loss from discontinuedoperations of $114,800. Blossom had 41,000 common shares outstanding all year.(a)Calculate earnings per share (EPS) for 2020 as

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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