Chapter11 - (20-25 min.) E 11-14A Req. 1 Regan Books...

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(20-25 min.) E 11-14A Req. 1 Regan Books Company Income Statement Year Ended December 31, 2010 Thousands Sales revenue…………………………………………. $102,000 Other revenues………………………………………. . 2,400 Total revenue…………………………………………. . 104,400 Total operating expenses…………………………… 97,200 Income from continuing operations before income tax……. .................................................... 7,200 Income tax expense…………………………………. . 2,880 Income from continuing operations*……………. .. 4,320 Extraordinary gain, $4,000, less income tax, $1,600……………………………… 2,400 Net income……………………………………………. . $ 6,720 Earnings per share (EPS): Income from continuing operations* ($4,320 / 1,800) ……. ....................................... $2.40 Extraordinary gain ($2,400 / 1,800)………… 1.33
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………………………. $3.73
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This note was uploaded on 09/16/2011 for the course ACG 2021 taught by Professor Hornik during the Spring '08 term at University of Central Florida.

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Chapter11 - (20-25 min.) E 11-14A Req. 1 Regan Books...

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