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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 45
Format of an Income Statement EPS
The following information is excerpted from the financial statements in a recent annual report of Cardinal Manufacturing Corporation. (Dollar figures and shares of stock are in thousands.)
Instructions
a. Rearrange the items to present in good form the last portion of the income statement for Cardinal Manufacturing Corporation, beginning with "Loss from continuing operations."
b. Calculate the amount of net loss per share for the period. (Do not calculate per-share amounts for subtotals, such as income from continuing operations, loss before extraordinary items, and so forth. You are required to compute only a single earnings per share amount.)
The following information is excerpted from the financial statements in a recent annual report of Cardinal Manufacturing Corporation. (Dollar figures and shares of stock are in thousands.)
Instructions
a. Rearrange the items to present in good form the last portion of the income statement for Cardinal Manufacturing Corporation, beginning with "Loss from continuing operations."
b. Calculate the amount of net loss per share for the period. (Do not calculate per-share amounts for subtotals, such as income from continuing operations, loss before extraordinary items, and so forth. You are required to compute only a single earnings per share amount.)
Explanation
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Verified
(a)
Consider loss from continuing opera...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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