Ask Question
BusinessBusiness
26 February, 09:18

The 2017 income statement of pronghorn corporation showed net income of 468000 and a loss from discontinued operations of 116000. Pronghorn had 100000 shares of common stock oustanding all year. Prepare income statement presentation of earnings per share.

+5
Answers (1)
  1. 26 February, 12:40
    0
    Income statement presentation of earnings per share is given below.

    Net income $ 468,000

    Discontinued operations ($ 116,000)

    Group Net income $ 352,000

    EPS $ 3.52

    DPS $ 3.52

    Earning per share is an accounting ratio that is widely used by investors in stock market. The EPS is calculated as follow.

    EPS = Net income/outstanding shares = 352,000/100,000 = $ 3.52
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The 2017 income statement of pronghorn corporation showed net income of 468000 and a loss from discontinued operations of 116000. Pronghorn ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why are german and japanese firms generally better at managing market volatility than american firms?
Answers (1)
Shelly is undergoing the six-step process for establishing prices for a newly launched product. She has just finished assessing the target market's evaluation of possible prices. What is Shelly's next step?
Answers (1)
During July, the equivalent units of direct materials added to the product worked on by Department A amounted to a total of 90,000 applied as follows: beginning inventory, 20,000 units; units started and completed in July, 60,000 units;
Answers (1)
TB Problem Qu. 8-231 Brockney Inc. bases its manufacturing ... Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.40 per direct labor-hour.
Answers (1)
What is the difference between law and ethics? A. Law and ethics are the same thing. B. Ethics are imposed by government while law is written by an organization. C Laws are more important than ethics.
Answers (1)
New Questions in Business
Which of the following consists of wages earned from work, plus dividends and interest on investments along with rents and royalties?
Answers (1)
According to cox and demmitt, the single largest expense for wives who return to work is:
Answers (1)
The local government relies mostly on revenue from -Medicare taxes -property taxes -income taxes -interest from savings accounts
Answers (1)
Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.
Answers (1)
A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.
Answers (1)
Home » Business » The 2017 income statement of pronghorn corporation showed net income of 468000 and a loss from discontinued operations of 116000. Pronghorn had 100000 shares of common stock oustanding all year.
Sign Up Forgot Password?