Panther Corp.reported the following pretax amounts for the year ending December 31,2014:

The income tax rate applicable to Panther is 30 percent.Prepare a partial income statement for the year ending December 31,2014,beginning with "Income from continuing operations before income taxes." Include the presentation of earnings per share,assuming 50,000 shares were outstanding during the year.

Question

Panther Corp.reported the following pretax amounts for the year ending December 31,2014:
  
The income tax rate applicable to Panther is 30 percent.Prepare a partial income statement for the year ending December 31,2014,beginning with "Income from continuing operations before income taxes." Include the presentation of earnings per share,assuming 50,000 shares were outstanding during the year.

Quizplus · Accepted Answer

The Answer of Panther Corp.reported the following pretax amounts for the year ending December 31,2014:
  
The income tax rate applicable to Panther is 30 percent.Prepare a partial income statement for the year ending December 31,2014,beginning with "Income from continuing operations before income taxes." Include the presentation of earnings per share,assuming 50,000 shares were outstanding during the year.