Faccone Academy Surplus had 60,000 shares of common stock and 9,000 shares of 20%, $15 par value
Question:
Faccone Academy Surplus had 60,000 shares of common stock and 9,000 shares of 20%, $15 par value preferred stock outstanding through December 31, 2024. Income from continuing operations for 2024 was $711,000, and loss on discontinued operations (net of income tax saving) was $36,000.
Compute Faccone’s earnings per share for 2024, starting with income from continuing operations.
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Related Book For 
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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