The following income statement was reported by Snappy Seacraft Company for the year ending December 31, 2010:
Assume Snappy has an average of 25,000 shares of common stock outstanding during 2010. Based on this information, what amount of earnings per share would be reported on the income statement as the disposal of the business segment?
a. $0.12
b. $0.20
c. $0.08
d. $0.60

Question

The following income statement was reported by Snappy Seacraft Company for the year ending December 31, 2010:
  Assume Snappy has an average of 25,000 shares of common stock outstanding during 2010. Based on this information, what amount of earnings per share would be reported on the income statement as the disposal of the business segment? 
a. $0.12
b. $0.20
c. $0.08
d. $0.60

Quizplus · Accepted Answer

The Answer of The following income statement was reported by Snappy Seacraft Company for the year ending December 31, 2010:
  Assume Snappy has an average of 25,000 shares of common stock outstanding during 2010. Based on this information, what amount of earnings per share would be reported on the income statement as the disposal of the business segment? 
a. $0.12
b. $0.20
c. $0.08
d. $0.60

The Following Income Statement Was Reported by Snappy Seacraft Company