FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Your answer is partially correct.
The 2025 income statement of Ivanhoe Corporation showed net income of $472,000 and a loss from discontinued operations of
$120,000. Ivanhoe had 100,000 shares of common stock outstanding all year.
Prepare Ivanhoe's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.)
IVANHOE CORPORATION
Income Statement
For the Year Ended December 31, 2025
Earnings Per Share
Net Income /(Loss)
Discontinued Operations (Loss)
Earnings Per Share
V
$
$
V
472000
120000
352000
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Transcribed Image Text:Your answer is partially correct. The 2025 income statement of Ivanhoe Corporation showed net income of $472,000 and a loss from discontinued operations of $120,000. Ivanhoe had 100,000 shares of common stock outstanding all year. Prepare Ivanhoe's income statement presentation of earnings per share. (Round answers to 2 decimal places, e.g. 3.55.) IVANHOE CORPORATION Income Statement For the Year Ended December 31, 2025 Earnings Per Share Net Income /(Loss) Discontinued Operations (Loss) Earnings Per Share V $ $ V 472000 120000 352000
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