ABC Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 430,000 Dividends declared, 2015 320,000 Net income for 2015 1,000,000 Retained earnings, 1/1/15, as reported 2,500,000

Apex Inc. reports the following for a recent year: Income from continuing operations before income tax $1,780,000 Loss from discontinued operations $230,000* Weighted average number of shares outstanding 10,000 Applicable tax rate 40% *Net of any tax effect     A. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax.** B. Determine the earnings per common share for Apex Inc., including per-share amounts for unusual items.** ** Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. Round your answers to two decimal places.

Based on the below information and a 22% tax rate - trying to determine the Net Operating Profit after tax.    3M Company Consolidated Statements Of Earnings $ millions Dec. 31, 2018 Dec. 31, 2017 Net sales  $                      32,765  $                         31,657 Cost of sales  $                      16,682  $                         16,055 Research, development and engineering expenses  $                        1,821  $                           1,870 Selling, general and administrative expenses  $                        7,602  $                           6,626 Gain on sale of business -$                           547 -$                              586 Total operating expenses  $                      25,558  $                         23,965 Operating income  $                        7,207  $                           7,692 Nonoperating expense, net  $                           207  $                              144 Earnings before income taxes  $…

The following information relates to ABC Ltd for the year ended 31 December 2017   -Profit before tax shs 4,000,000 -import duty refunded by authority shs 400,000 -Dividend distributed by ABC Ltd shs 8,800,000 -Dividend received by ABC Ltd shs 3,000,000 -Corporate tax rate @ 30%   Required; Compensating tax payable by ABC Ltd for the year ended 31st December 2017