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The 2025 income statement of Cullumber Corporation showed net income of $468,000 and a loss from discontinued operations of $116,000. Cullumber had 100,000 shares of common stock outstanding all year. Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) Total Expenses CULLUMBER CORPORATION Income Statement For the Year Ended December 31, 2025 Net Income /(Loss) Discontinued Operations (Loss) Income from Continuing Operations $ $ 468000 116000 584000

The 2025 income statement of Cullumber Corporation showed net income of $468,000 and a loss from discontinued operations of $116,000. Cullumber had 100,000 shares of common stock outstanding all year. Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) Total Expenses CULLUMBER CORPORATION Income Statement For the Year Ended December 31, 2025 Net Income /(Loss) Discontinued Operations (Loss) Income from Continuing Operations $ $ 468000 116000 584000

FINANCIAL ACCOUNTING
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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The 2025 income statement of Cullumber Corporation showed net income of $468,000 and a loss from discontinued operations of $116,000. Cullumber had 100,000 shares of common stock outstanding all year. Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) Total Expenses CULLUMBER CORPORATION Income Statement For the Year Ended December 31, 2025 Net Income / (Loss) Discontinued Operations (Loss) Income from Continuing Operations $ 468000 116000 584000
Transcribed Image Text:The 2025 income statement of Cullumber Corporation showed net income of $468,000 and a loss from discontinued operations of $116,000. Cullumber had 100,000 shares of common stock outstanding all year. Prepare Cullumber's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) Total Expenses CULLUMBER CORPORATION Income Statement For the Year Ended December 31, 2025 Net Income / (Loss) Discontinued Operations (Loss) Income from Continuing Operations $ 468000 116000 584000
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