****I need the earnings per share of Common Stock****
The answer is NOT 4.34
Earnings per Share and Multiple-Step Income
The following summarized data relate to Bowden Corporation’s current operations:
|Cost of goods sold
|Loss on sale of equipment
|Income tax expense
|Shares of common stock
|Outstanding at January 1
|Additional issued at May 1
|Additional issued at November 1
Prepare a multiple-step income statement for Bowden Corporation for the year. Include earnings per share disclosure at the bottom of the income statement.
Do not use negative signs with any of your answers below.
For the Year Ended December 31
|Cost of Goods Sold
|Gross Profit on Sales
|Loss on Sale of Equipment
|Income before Taxes
|Income Tax Expense
|Earnings per share of Common Stock
Please comment for any explanation,
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