On January Ivanhoe Industries had stock outstanding as follows.
Cumulative preferred stock, $ par value, issued and outstanding shares $
Common stock, $ par value, issued and outstanding shares
To acquire the net assets of three smaller companies, Ivanhoe authorized the issuance of an additional common shares. The acquisitions took place as shown below.
Date of Acquisition
Shares Issued
Company A April
Company B July
Company C October
On May Ivanhoe realized a $before taxes gain on discontinued operations. On December Ivanhoe recorded income of $ from continuing operations.
Assuming a tax rate, compute the basic earnings per share data that should appear on the financial statements of Ivanhoe Industries as of December Round answers to decimal places, eg
IVANHOE INDUSTRIES
Income Statement
choose the accounting period
