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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 35
Preparing a combined statement of income and retained earnings
During 2012, St. Bernard, Corp., earned income from continuing operations of $139,000. The company also sold a segment of the business (discontinued operations) at a loss of $37,000 and had an extraordinary gain of $11,000. At year-end, St. Bernard had an unrealized loss on investments of $5,000.
Requirements
1. Compute St. Bernard's net income and comprehensive income for 2012. All amounts are net of income taxes.
2. What final EPS figure should St. Bernard report for 2012 What is the correct title of this calculation What is the amount of this calculation St. Bernard had 30,000 shares of common stock (and no preferred stock) outstanding.
During 2012, St. Bernard, Corp., earned income from continuing operations of $139,000. The company also sold a segment of the business (discontinued operations) at a loss of $37,000 and had an extraordinary gain of $11,000. At year-end, St. Bernard had an unrealized loss on investments of $5,000.
Requirements
1. Compute St. Bernard's net income and comprehensive income for 2012. All amounts are net of income taxes.
2. What final EPS figure should St. Bernard report for 2012 What is the correct title of this calculation What is the amount of this calculation St. Bernard had 30,000 shares of common stock (and no preferred stock) outstanding.
Explanation
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Verified
2.
Determine the final earnin...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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