On January Oriole 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, Oriole authorized the issuance of an additional common shares. The
acquisitions took place as shown below.
On May Oriole realized a $before taxes gain on discontinued operations. On December Oriole 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 Oriole
Industries as of December Round answers to decimal places, eg
ORIOLE INDUSTRIES
Income Statement
For the Year Ended December
Income from Continuing Operations
$
Discontinued Operations Gain, Net of Tax
$
