Finley Corporation had income from continuing operations of $10,600,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the division operated at a loss of $315,000 (net of tax) had 10,00,000 shares of comma stock outstanding during 2017. Calculate Finley Corporation's Earnings Per Share

Motor Corporation’s income statements for the years ended December 31, 2012, and 2011 included the following information before adjustments:   Table 1.  Income Statement of Motor Corporation in USD   2012 2011 Operating income $ 900,000 $ 600,000 Gain on sale of division $ 450,000 $ 0 Total  $1,350,000 $ 600,000 Provision for income taxes ($ 405,000) ($ 180,000) Net income $945,000 $ 420,000   On January 1, 2012, Motor Corporation agreed to sell the assets and product line of one of its operating divisions for $1,600,000. The sale was consummated on December 31, 2012, and it resulted in a gain on disposition of $450,000.  This division’s pre-tax net losses were $320,000 in 2012 and $250,000 in 2011.  The income tax rate for both years was 30%.   Starting with operating income (before tax), prepare revised comparative income statements for 2012 and 2011 showing appropriate details for gain (loss) from discontinued operations. Please…

Greedy Ventureshad revenues of $925,000 in 2014. Its operating expenses (excluding depreciation) amounted to $325,000, depreciation charges were $125,000, and interest costs totaled $55,000. If the firm pays a marginal tax rate of 34 percent, calculate its net income after taxes.

am. 62.