Athens Academy Surplus had 50,000 shares of common stock and 10,000 shares of (5 %, $ 10)
Question:
Athens Academy Surplus had 50,000 shares of common stock and 10,000 shares of \(5 \%, \$ 10\) par preferred stock outstanding through December 31, 2008. Income from continuing operations of 2008 was \(\$ 110,000\), and loss on discontinued operations (net of income tax saving) was \(\$ 8,000\). Athens also had an extraordinary gain (net of tax) of \(\$ 20,000\).
Requirement
Compute Athens' EPS amounts for 2008 , starting with income from continuing operations.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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