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Financial Statement Presentation of EPS To illustrate EPS reporting for various combinations of gains and...

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Accounting

Financial Statement Presentation of EPS

To illustrate EPS reporting for various combinations of gains and losses, assume that 1,000 weighted-average shares of common stock are outstanding for each of the four cases below. Also assume preferred stock dividends of $3,750 were declared and paid during the year.

Case A Case B Case C Case D
Income (loss) continuing operations Answer Answer Answer Answer
Income (loss) from discontinued operations Answer Answer Answer Answer

Required

Show the EPS financial statement presentation for basic EPS for each Case A through D.

Basic EPS Case A Case B Case C Case D
Income (loss) from continuing operations Answer Answer Answer Answer
Income (loss) from discontinued operations, net of tax Answer Answer Answer Answer
Net income (loss) Answer Answer Answer Answer

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