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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