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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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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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.)
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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