The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported
Posted: Mon Apr 25, 2022 7:54 am
The Esposito Import Company had 1 million shares of common stock
outstanding during 2021. Its income statement reported the
following items: income from continuing operations, $10 million;
loss from discontinued operations, $1.7 million. All of these
amounts are net of tax.
Required:
Prepare the 2021 EPS presentation for the Esposito Import
Company. (Amounts to be deducted should be indicated
with a minus sign. Round your answers to 2 decimal
places.)
outstanding during 2021. Its income statement reported the
following items: income from continuing operations, $10 million;
loss from discontinued operations, $1.7 million. All of these
amounts are net of tax.
Required:
Prepare the 2021 EPS presentation for the Esposito Import
Company. (Amounts to be deducted should be indicated
with a minus sign. Round your answers to 2 decimal
places.)