Mangold Corporation reported income from continuing operations of $78,400 and an extraordinary loss (net of taxes) of

Question:

Mangold Corporation reported income from continuing operations of $78,400 and an extraordinary loss (net of taxes) of $6,400 for the current year. Mangold Corporation had 80,000 common shares outstanding for the entire year. Show how Mangold Corporation would report its earnings per share for the current year.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...