ROR Corporation's income statement for the year ended December 31, 2024 follows: (Click on the icon to view the income statement.) ROR had 15,000 shares of common stock outstanding during 2024. ROR declared and paid statement. (Round the earnings per share amounts to the nearest cent, $X.XX.) ROR Corporation Income Statement Year Ended December 31, 2024 Earnings per Share of Common Stock (15,000 shares outstanding): Income From Continuing Operations Income From Discontinued Operations Net Income Reference Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income ROR Corporation Income Statement Year Ended December 31, 2024 Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Income from Continuing Operations Discontinued Operations (less applicable tax) Net Income Print Done $ 175,800 80,000 $ 95,800 58,000 37,800 (17,000) 20,800 4,368 16,432 2,054 18,486 ROR Corporation's income statement for the year ended December 31, 2024 follows:(Click on the loon to view the income statement)ROR had 15,000 shares of common stock outstanding during 2024. ROR declared and paidstatement. (Round the eamings per share amounts to the nearest cent, SXXX)ROR CorporationIncome StatementYear Ended December 31, 2024Earnings per Share of Common Stock (15,000 shares outstanding):Income From Continuing OperationsIncome From Discontinued OperationsNet IncomeReferenceNet SalesCost of Goods SoldGross ProfitOperating ExpensesOperating incomeROR CorporationIncome StatementYear Ended December 31, 2024Other Income and (Expenses)Income Before Income TaxesIncome Tax ExpenseIncome from Continuing OperationsDiscontinued Operations (less applicable tax)Net IncomePrintDone$ 175,00080,000$95,80058,00037,800(17,000)20,8004,36816,4322,05418,486X

An income statement is a financial report that indicates the revenue and expenses of a business. It…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ROR Corporation's income statement for the year ended December 31, 2024 follows: (Click on the icon to view the income statement.) ROR had 15,000 shares of common stock outstanding during 2024. ROR declared and paid statement. (Round the earnings per share amounts to the nearest cent, $X.XX.) ROR Corporation Income Statement Year Ended December 31, 2024 Earnings per Share of Common Stock (15,000 shares outstanding): Income From Continuing Operations Income From Discontinued Operations Net Income Reference Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income ROR Corporation Income Statement Year Ended December 31, 2024 Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Income from Continuing Operations Discontinued Operations (less applicable tax) Net Income Print Done $ 175,800 80,000 $ 95,800 58,000 37,800 (17,000) 20,800 4,368 16,432 2,054 18,486