The Monty Corporation had income from continuing operations of $12.1 million in 2023. During 2023, it disposed of its restaurant division at a loss of $86,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $214,000 (net of tax of $135,000) in 2023. Blue Collar also had an unrealized gain-OCI of $44,000 (net of tax of $18,000) related to its FV-OCI equity investments. Monty had 10 million common shares outstanding during 2023. Prepare a partial statement of financial performance for Monty, beginning with income from continuing operations. Monty Corporation
The Monty Corporation had income from continuing operations of $12.1 million in 2023. During 2023, it disposed of its restaurant division at a loss of $86,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $214,000 (net of tax of $135,000) in 2023. Blue Collar also had an unrealized gain-OCI of $44,000 (net of tax of $18,000) related to its FV-OCI equity investments. Monty had 10 million common shares outstanding during 2023. Prepare a partial statement of financial performance for Monty, beginning with income from continuing operations. Monty Corporation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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pls answer the following question
Transcribed Image Text:Calculate earnings per share. (Round answers to 2 decimal places, e.g. 52.75.)
Earnings Per Share:
LA
$
Transcribed Image Text:The Monty Corporation had income from continuing operations of $12.1 million in 2023. During 2023, it disposed of its restaurant
division at a loss of $86,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $214,000 (net of tax of
$135,000) in 2023. Blue Collar also had an unrealized gain-OCI of $44,000 (net of tax of $18,000) related to its FV-OCI equity
investments. Monty had 10 million common shares outstanding during 2023.
Prepare a partial statement of financial performance for Monty, beginning with income from continuing operations.
>
Monty Corporation
Partial Statement of Financial Performance
Items that will not be recycled subsequently to net income or loss:
$
tA
$
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