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Hinson 4-2 EPS Calculations

Hinson 4-2 EPS Calculations - (1,600,000 Income before...

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Intermediate Accounting I Assignment 4-2 EPS Calculations Jamie Hinson January 23, 2008 Exercise 4-12 The Esposito Import Company Consolidated Statements of Income (in part) For the Year Ended December 31, 2006 Income from continuing operations $5,000,000 Loss from discontinued operations, net of tax
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Unformatted text preview: (1,600,000) Income before extraordinary item 3,400,000 Extraordinary gain, net of tax 2,200,000 Net Income $5,600,000 Basic earnings per common share: Income from continuing operations $5.00 Discontinued operations (1.60) Extraordinary gain 2.20 Net income $5.60...
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