Athens Holding Company operates numerous businesses, including motel, auto rental, and real estate companies. Year 2010 was
Question:
Net revenues................................................................ $3,932
Total expenses and other.............................................. 3,358
Income from continuing operations.............................. 574
Discontinued operations, net of tax savings................. (89)
Income before extraordinary item and cumulative.......
effect of accounting change, net of tax................ 485
Extraordinary loss, net of tax savings........................... (7)
Net income................................................................... $ 478
During 2010, Athens had the following (in millions, except for par value per share):
Common stock, $0.05 par value, 900 shares issued................ $ 45
Treasury stock, 300 shares at cost........................................... (3,649)
Requirement
1. Show how Athens should report earnings per share for 2010. (Round EPS to the nearest cent.)
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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