Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 68

Earnings per share, discontinued operations
The net income reported on the income statement of Cutler Co. was $4,000,000. There were $00,000 shares of $10 par common stock and 100,000 shares of $2 preferred stock outstanding throughout the current year. The income statement included a gain on discontinued operations of $400,000 after applicable income tax. Determine the per-share figures for common stock for (A) income before discontinued operations and (B) net income.