Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 19

Discontinued Operations
During the current year, Sports +, Inc., operated two business segments: a chain of surf and dive shops and a small chain of tennis shops.he tennis shops were not profitable and were sold near year-end to another corporation.ports + operations for the current year are summarized below.he first two captions, "Net sales" and "Costs and expenses," relate only to the company's continu­ing operations.

The company had 182,000 shares of a single class of capital stock outstanding throughout the year.
a.repare a condensed income statement for the year.t the bottom of the statement, show any appropriate earnings per share figures.A condensed income statement is illustrated in Exhibit 12-2.)
b.hich earnings per share figure in part a do you consider most useful in predicting future operating results for Sports +, Inc. Why