Question

The 2020 income statement of Crane Corporation showed net income of $1,291,050, which included a loss...

The 2020 income statement of Crane Corporation showed net income of $1,291,050, which included a loss from discontinued operations of $111,150. Crane had 57,000 common shares outstanding all year.

(a)

QUESTION:

Calculate earnings per share (EPS) for 2020 as it should be reported to shareholders.

Earnings per share
Income from continuing operations $
Loss from discontinued operations, net of tax $
Net income $
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