Module 3 Discussion Forum

Module 3 Discussion Forum - EPS: (income from continuing...

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E 4-12 The Esposito Import Company had 1million shares of stock outstanding during 2011. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.6 million; extraordinary gain, $2.2 million. Prepare the 2011 EPS presentation for the Esposito Import Company.
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Unformatted text preview: EPS: (income from continuing operations + extraordinary gain loss from discontinued operations) / number of outstanding shares ($5 million + $2.2 million $1.6 million) / 1 million $5.6 million / 1 million = $5.60 EPS = $5.60...
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This note was uploaded on 07/13/2011 for the course ACCT 201 taught by Professor Weinberger during the Spring '11 term at Edison State College.

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