The Esposito Import Company had 1 million shares of common stock outstanding during 2018. Its income statement reported the following items: income from continuing operations, $9 million; loss from discontinued operations, $2.2 million. All of these amounts are net of tax. Required: Prepare the 2018 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.) Eamings per share: Income from continuing operations Loss from discontinued operations
The Esposito Import Company had 1 million shares of common stock outstanding during 2018. Its income statement reported the following items: income from continuing operations, $9 million; loss from discontinued operations, $2.2 million. All of these amounts are net of tax. Required: Prepare the 2018 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.) Eamings per share: Income from continuing operations Loss from discontinued operations
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer complete and properly
![Exercise 4-10 Earnings per share [LO4-5)
The Esposito Import Company had 1 millon shares of common stock outstanding during 2018. Its income statement reported the
following items: income from continuing operations, $9 million; loss from discontinued operations, $2.2 million, All of these amounts
are net of tax.
Required:
Prepare the 2018 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus
sign. Round your answers to 2 decimal places.)
Eamings per share:
Income from continuing operations
oss from discontinued operations
Net income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd398efd6-5a92-43df-95cb-a61950735d81%2F16b58bc0-11af-4530-92ac-73a770b73b8f%2Fndzurcqj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 4-10 Earnings per share [LO4-5)
The Esposito Import Company had 1 millon shares of common stock outstanding during 2018. Its income statement reported the
following items: income from continuing operations, $9 million; loss from discontinued operations, $2.2 million, All of these amounts
are net of tax.
Required:
Prepare the 2018 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus
sign. Round your answers to 2 decimal places.)
Eamings per share:
Income from continuing operations
oss from discontinued operations
Net income
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Follow-up Questions
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Follow-up Question
The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the following items: income from continuing operations, $10 million; loss from discontinued operations, $2.3 million. All of these amounts are net of tax.
Required:
Prepare the 2021 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.)
![The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the
following items: income from continuing operations, $10 million; loss from discontinued operations, $2.3 million. All of these amounts
are net of tax.
Required:
Prepare the 2021 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus
sign. Round your answers to 2 decimal places.)
Earnings per share:
Income from continuing operations
Loss from discontinued operations
Net income](https://content.bartleby.com/qna-images/question/5f3a65a0-12dd-4c2f-b680-a989b4be3841/6ae8216d-0130-483f-ac95-fc8adebe321e/ysfijcm_thumbnail.png)
Transcribed Image Text:The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the
following items: income from continuing operations, $10 million; loss from discontinued operations, $2.3 million. All of these amounts
are net of tax.
Required:
Prepare the 2021 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus
sign. Round your answers to 2 decimal places.)
Earnings per share:
Income from continuing operations
Loss from discontinued operations
Net income
Solution
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