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7 April, 14:23

the 2020 income statement of wasmeier corporation showed net income of $480,000 and a loss from discontinued operations of $120,000. Grouper had 100,000 shares of common stock outstanding all year. Prepare Grouper's income statement presentation of earnings per share.

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  1. 7 April, 15:45
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    Wasmeier corporation grouper's income statement presentation of earnings per share is given below.

    Net income / (loss) from continued operation $480,000

    Net income / (loss) from discontinued operations ($120,000)

    Consolidated Net income / (Loss) $360,000

    Basic EPS * 3.6

    Dilutive EPS 3.6

    Calculation:

    EPS is calculated by dividing net profit with total outstanding common stock.

    * EPS = 360,000 / 100,000 = 3.6 per share
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Home » Business » the 2020 income statement of wasmeier corporation showed net income of $480,000 and a loss from discontinued operations of $120,000. Grouper had 100,000 shares of common stock outstanding all year.
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