In 2022, Santiago Castillo Limited reported a discontinued operations loss of $2,750,000, net of tax. It declared and paid preferred stock dividends of $265,700 and common stock dividends of $492,650. During 2022, had a weighted average of $500,000 common shares outstanding. As a result of the discontinued operations loss, net of tax, the earning per share would decrease by Question 44 Answer a. $4.51 b. $4.97 c. $3.98 d. $5.50 Clear my choice

Income Statement and Earnings per Share for Discontinued Operations Apex Inc. reports the following for a recent year: Income from continuing operations before income tax expense $1,000,000   Loss from discontinued operations $240,000*   Weighted average number of shares outstanding 20,000   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 expense.

The Esposito Import Company had 1 million shares of common stock outstanding during 2024. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.8 million. All of these amounts are net of tax. Required: Prepare the 2024 EPS presentation for the Esposito Import Company. Note: Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places. Earnings per share: Income from continuing operations Loss from discontinued operations Net income

Income Statement and Earnings per Share for Discontinued Operations Apex Inc. reports the following for a recent year: Income from continuing operations before income tax expense $1,000,000   Loss from discontinued operations $240,000*   Weighted average number of shares outstanding 20,000   Applicable tax rate 40%   *Net of any tax effect.     Question Content Area a.  Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax expense.

A portion of the combined statement of income and retained earnings of Blue Inc. for the current year follows. Income before extraordinary item       $15,060,000 Loss from discontinued operations, net of applicable income tax (Note 1)       1,320,000 Net income       13,740,000 Retained earnings at the beginning of the year       84,220,000         97,960,000 Dividends declared:            On preferred stock—$6.00 per share   $300,000        On common stock—$1.75 per share   15,050,000   15,350,000 Retained earnings at the end of the year       $82,610,000 Note 1. During the year, Blue Inc. suffered a major loss from discontinued operations of $1,320,000 after applicable income tax reduction of $1,220,000.At the end of the current year, Blue Inc. has outstanding 8,670,000 shares of $10 par common stock and 50,000 shares of 6% preferred. On April 1 of the current year, Blue Inc. issued 980,000 shares of common stock for $32 per share to help…

At the beginning of 2021, Sunland Company had retained earnings of $409000. During the year Sunland reported net income of $108000, sold treasury stock at a “gain” of $35000, declared a cash dividend of $61800, and declared and issued a small stock dividend of 3050 shares ($10 par value) when the fair value of the stock was $20 per share. The amount of retained earnings available for dividends at the end of 2021 was?

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Crane Inc. a publicly traded company, had 195,000 common shares outstanding on December 31, 2022. During 2023, the company issued 6,000 shares on May 1 and retired 18,000 shares on October 31. For 2023, the company reported net income of $186,200 after a loss from discontinued operations of $35,280 (net of tax). Assume that Crane issued a 3-for-1 stock split on January 31, 2024, and that the company's financial statements for the year ended December 31, 2023, were issued on February 15, 2024. Calculate earnings per share for 2023 as it should be reported to shareholders.

answer must be in table format or i will give down vote