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On January Cullumber 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, Cullumber authorized the issuance of an additional common shares. T acquisitions took place as shown below.
tableDate of Acquisition,Shares IssuedCompany A April Company B July Company C October
On May Cullumber realized a $before taxes gain on discontinued operations. On December Cullumber 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 Cullumber Industries as of December Round answers to decimal places, eg
CULUMBER INDUSTRIES Income Statement
For the Year Ended December
Income from Continuing Operations
$
Discontinued Operations Gain, Net of Tax
