On January 1, 2020, Crane Limited had shares outstanding as follows: To acquire the net assets of three smaller companie
Posted: Sun Jul 03, 2022 4:15 pm
On January 1, 2020, Crane Limited had sharesoutstanding as follows:
To acquire the net assets of three smaller companies, the companyauthorized the issuance of an additional 304,000 commonshares. The acquisitions were as follows:
Company A: April 1, 2020
Company B: July 1, 2020
Company C: October 1, 2020
On May 14, 2020, Crane realized a $96,000 gain(before tax) on a discontinued operation from a business segmentthat had originally been purchased in 2000.On December 31, 2020, the company recorded income of$692,000 before tax, not including the discontinued operationgain. Crane has a 40% tax rate.
Calculate the earnings per share for 2020 as it should bereported to shareholders. (Round answer to 2decimal places, e.g. 15.25.)
Income before gain from discontinued operations
Discontinued operations gain net of tax
Net income
eTextbook and Media
Assume that Crane declared a 1-for-2 reversestock split on February 10, 2021, and that the company’s financialstatements for the year ended December 31, 2020, were issued onFebruary 28, 2021.Calculate earnings per share for 2020 as it should be reported toshareholders. (Round answer to 2 decimal places,e.g. 15.25.)
Income before gain from discontinued operations
Discontinued operations gain net of tax
Net income
To acquire the net assets of three smaller companies, the companyauthorized the issuance of an additional 304,000 commonshares. The acquisitions were as follows:
Company A: April 1, 2020
Company B: July 1, 2020
Company C: October 1, 2020
On May 14, 2020, Crane realized a $96,000 gain(before tax) on a discontinued operation from a business segmentthat had originally been purchased in 2000.On December 31, 2020, the company recorded income of$692,000 before tax, not including the discontinued operationgain. Crane has a 40% tax rate.
Calculate the earnings per share for 2020 as it should bereported to shareholders. (Round answer to 2decimal places, e.g. 15.25.)
Income before gain from discontinued operations
Discontinued operations gain net of tax
Net income
eTextbook and Media
Assume that Crane declared a 1-for-2 reversestock split on February 10, 2021, and that the company’s financialstatements for the year ended December 31, 2020, were issued onFebruary 28, 2021.Calculate earnings per share for 2020 as it should be reported toshareholders. (Round answer to 2 decimal places,e.g. 15.25.)
Income before gain from discontinued operations
Discontinued operations gain net of tax
Net income